TIEA

Tax Revenue Down by $1.4 Billion

Tax revenues in New Zealand are continues to be below forecast, although the government believes that there will be some improvement.

IRD to Share More Taxpayer Info

The IRD and Ministry of Social Development are improving their info sharing capabilities in order to cut down the occurrence of benefit fraud in New Zealand.

Maori Party Wants Higher Tobacco Taxes

The Maori Party is campaigning for the government to announce even further increases to tobacco taxes in the Budget announcement later this month.

Governments Stills Aims for Surplus in 2014

Despite the recent reduction in the forecast for the New Zealand budget, John Key has repeated the government’s goal of reaching a surplus within the next three years.

Reserve Bank Maintains 2.5% OCR

Due to the country’s positive economic performance and acceptable levels of inflation, the Official Cash Rate in New Zealand will not be changed this month.

Mar 31, 20090

NZ Bermuda TIEA Signed

Categories: New Zealand Taxation

New Zealand and Bermuda are set to sign a Taxation Information Exchange Agreement (TIEA) on the 16h of April. The TIEA will be New Zealand’s second agreement of such a nature, following the first which is Netherlands Antilles. According to Revenue Minister Peter Dunne others are already under negotiation. This is on top of New Zealand’s 35 Double Taxation Agreements. The TIEA will be signed at the New Zealand Embassy in Washington DC. According to Mr. Dunne, the TIEA will make it easier ... Read More

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