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Watch videos on Cartel Criminalization

Cartel criminalisation New law means that from April 2021 cartel conduct could be punished with up to 7 years' imprisonment. Watch these videos here: https://comcom.govt.nz/business/avoiding-anti-competitive-behaviour/what-is-cartel-criminalisation What is a cartel? A cartel is where two or more businesses agree not to compete with each other. This conduct can take many forms, including price fixing, allocating markets, rigging bids or restricting output of goods and services. See ...

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Tax Talk Newsletter Autumn 2021

Tax shakeup for business sales Proposals in the new tax Act will mean sellers of a business must notify buyers and Inland Revenue about the amounts they have allocated for various assets. If they don’t do this there will be rules about how this is to be handled. Also, Inland Revenue will be able to interfere with the figures, if it thinks the ...

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The minimum wage is increasing on 1 April 2021

As a business owner or manager, you need to be ready for the increase in minimum wage rates from Thursday,1 April 2021. The adult minimum wage will go up, from $18.90 to $20.00 gross per hour, and the starting-out and training minimum wage will go up from $15.12 to $16.00 gross per hour. Employment New Zealand has information to help you prepare.If ...

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$5,000 Asset threshold to expire on 16th March 2021

Last Year the Government passed legislation that temporarily increased the low-value asset threshold for depreciation from $500 to $5,000. This will allow you to deduct the full cost of your business assets with a value of less than $5,000 in the year they purchased them. This is instead of having to spread the cost over the life of the asset. The ...

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