News
Tax Talk Newsletter Jun / Jul 17
Sharing information to combat global tax evasion - The Government has signed up to the global automatic exchange of information (AEOI) initiative led by the OECD. We're one of 100 countries that will automatically share some financial account information about foreign tax residents. All countries will use the Common Reporting Standard (CRS) to identify and report on financial accounts held or ...
TaxTalk Newsletter Apr / May 17
7 April: Tax payment reminder -This is a further reminder that payments for end-of-year income tax, student loans and overpaid Working for Families Tax Credits for the 2015-16 tax year are due April 7 for all customers with an extension of time. IRD will be sending reminders such as: letters to some customers from 16 March onwards that will direct them to the ...
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 ...
Tax Talk Newsletter Dec 16 / Jan 17
Audits: What to do when IRD calls - What’s an audit? An Inland Revenue audit looks at your financial affairs to make sure you’ve paid the right amount of tax and complied with tax laws. It could be a simple check of your GST registration or a full examination of all your business and personal records. Who gets audited? Inland Revenue can audit any ...
Tax Talk Newsletter Oct / Nov 16
More tax changes afoot - The Inland Revenue Department and the Government have recently introduced a multitude of tax changes. We outline some of the important ones below. More on company cars and FBT From 1 April 2018, the Government is proposing to let close companies (most small companies) calculate the private use of a company car in the same way as a ...