tax filing tagged posts

IRD Concerned with Rise of Cloud Computing

December 14, 2010 New Zealand Taxation

Some More Sun DisksThe Inland Revenue Department has issued a notice, warning taxpayers and business owners that the use of cloud computing for record keeping could potentially be against national tax regulations.

On December 13th the Inland Revenue Department (IRD) issued a Revenue Alert concerning taxpayer’s record keeping obligations in regards to the spreading use of cloud computing services. A warning was given that the technological intricacies of cloud computing might result in taxpayers inadvertently breaching regulations.

Cloud computing is an internet-based technology service whereby the user is able to access storage space, software, networking elements, and processing power over the internet...

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