News
TaxTalk Newsletter Aug / Sep 15
What employers need to know about KiwiSaver - As an employer, you play an important role in helping your employees save for their retirement. There are some things you must do and some things you should keep in mind about KiwiSaver for your employees. All employers must: offer KiwiSaver to all their employees who meet the eligibility rules give a copy of the ‘Your ...
Help shape your ACC levies
ACC’s annual levy public consultation process begins on 1 October this year, and for the first time features a website where people can submit their own ideas and also comment on proposals put forward by others. Read the full article here: http://www.acc.co.nz/news/WPC138508 ...
Relief for taxpayers affected by the floods in the lower North Island and West Coast
We have the ability to waive the late filing and late payment penalties, and interest to help taxpayers who cannot file and pay on time as a consequence of the recent flooding in the lower North Island and the West Coast. We have activated our income equalisation discretion for farmers. Under this discretion farmers materially affected by the flooding can make ...
TaxTalk Newsletter Jun / Jul 15
Budget 2015 - Extra property tax measures - The Government is taking extra steps to bolster the tax rules on property transactions – including those by overseas buyers - and to help Inland Revenue enforce them. The 2015 Budget confirms that, from 1 October this year, the following will be required when any property is bought or sold: All non-residents and New Zealanders ...
Taxpayer will save thousands of trees as paper gets scrapped
Cutting paper use and increasing digital services for Inland Revenue’s customers will see annual paper savings equivalent to 1,900 trees, or nearly 16 million sheets of A4 paper and seven million envelopes. Inland Revenue has recently introduced a new service where correspondence to its customers will be provided electronically in their myIR account as eDocuments. Inland Revenue spokesperson David Udy said the ...