News
New anti-money laundering laws introduced
A Bill to tackle money laundering and terrorist financing has been introduced to Parliament today by Justice Minister Amy Adams. The Anti-Money Laundering and Countering Financing of Terrorism Amendment Bill will bolster New Zealand’s existing anti-money laundering laws, which help protect businesses and make it harder for criminals to profit from and fund illegal activities. “This puts in place the second phase ...
Early payment income tax discount
A 6.7% discount of tax is available to encourage individuals who begin receiving self-employed or partnership income to pay tax voluntarily in the year before they begin paying provisional tax. This will relieve the financial strain they face when they begin paying provisional tax and have two years' worth of tax payments to make, namely, income tax for the prior ...
Finance Minister looking at tax cuts for first Budget, 17 February 2017
Speaking at an event on 16 February 2017 hosted by Massey University and the Auckland Chamber of Commerce, the Minister of Finance, the Hon Steven Joyce, commented that tax cuts for lower and middle-income earners are one of four key areas he is looking at for his first Budget on 25 May 2017. The four key areas are as follows: ...
KiwiSaver if you're self-employed
KiwiSaver: Opt in and dial up your savings If you think KiwiSaver isn’t for you because you’re self-employed, you’re probably missing out on thousands of dollars in government contributions. The retirement savings scheme isn’t just a smart move for salaried employees. Opt in when you work for yourself and you’ll still reap the rewards. Here are some tips for powering up your ...
Tax Talk Newsletter Feb / Mar 2017
Making the most of Free Trade Agreements - As a small and distant country with a population of just 4.7 million, we will not become more prosperous by merely selling to ourselves. We have to earn it. That is why trade, exporting and international connections are so important to us. The Government is currently working on an update to its 20-year-old Trade ...