Press Release: Inland Revenue Department Inland Revenue has released its compliance focus on offshore tax transparency, together with guidance to assist tax agents in complying with the international rules. The compliance focus highlights the extensive international exchanges of information taking place as well as the new intelligence tools being used in tracking down people who […]
Tax time is just around the corner and this last year hasn’t exactly been an easy one for most NZ businesses. What with lockdowns, supply chain issues, and inflation, it’s nice to know that the Government understands the effect that COVID-19 has had on small businesses and is providing tax relief and income assistance […]
Cryptoassets have become increasingly popular lately among individuals. They are defined by IRD as “cryptographically secured digital representations of value that can be transferred, stored or traded electronically. They use some form of distributed ledger technology such as blockchain.” An example of a cryptoasset that you may have heard of recently are cryptocurrencies like Bitcoin, […]
Here in New Zealand, it’s important to acknowledge that we have been luckier than other nations in terms of our COVID-19 situation. However, the situation is still present here and is still affecting people and businesses. IRD have said that if you are unable to pay personal or business taxes on time due to any […]
To start off with – what are tax codes? Tax codes are different from tax rates. Tax codes are only for individuals. They help your employer work out how much tax to take out of your pay, benefit or pension. You need to work out your tax code for each source of income you receive. […]
You may have received a text message from the IRD recently about tax being due on the 7th of April. This reminder is a new IRD initiative! We just wanted to let you all know that this reminder is in relation to 2014 income tax. It is the final payment to wash-up any tax still […]