The Inland Revenue Department (IRD) has issued a statement reminding people of their option of changing the way they pay Provisional Tax, and the impending deadline of the option. The IRD is allowing people who opt in before the end of March to use the new “ratio option” to calculate their provisional tax liability. According to the IRD this option would be most beneficial to businesses with heavily fluctuating cash flows. The new system will be calculated based on the most recent GST ... Read More

New Zealand Prime Minister John Key has hinted that business will soon receive some tax cuts in an attempt to boost the current economic climate. John Key made an announcement that he will be giving a speech on the 4th of February revealing new tax based initiatives by the Government that are aimed directly at assisting business owners. The new changes are said to focus on tax, cash flows and regulations. Some speculation has placed possible new introductions as a reduced fee for ... Read More