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Changes to tax treatment of employee and accommodation

The Government is to include changes to the tax treatment of employee allowances, reimbursements and employer-provided accommodation in a tax bill to be introduced to Parliament later this month that will bring clarity for many taxpayers.

Labour will simplify small business tax - Cunliffe

A Labour government will substantially simplify tax for small businesses, Labour Leader David Cunliffe says. David Cunliffe made this commitment to a business audience hosted by Ernst and Young in Auckland this morning.

Tax agreement with Japan announced

Japan and New Zealand today exchanged diplomatic notes, for a new double tax agreement which will make it much easier to do business between the two countries, Revenue Minister Todd McClay announced today.

Call for evidence on tax credits

A just-published international systematic review has found a small and methodologically limited body of evidence which suggests that in-work tax credits such as the one applied in New Zealand since 2006, may have no discernible effects on the health of parents.

'Legitimate case' to retrieve GST from online shopping

A University of Canterbury (UC) marketing expert says the Government has a legitimate case to attempt to retrieve some revenue from overseas sales of goods and services by New Zealand online consumers.

'Policing of GST' the biggest issue for taxing online shoppers

Potentially the biggest issue facing a proposal to make online shoppers pay GST is policing the payments, a University of Canterbury (UC) tax expert says.

Govt should stop tax breaks to rich oil companies - Greens

The Government should stop its multimillion dollar tax breaks to the oil and gas industry and use the money saved to support the transition to clean energy, says Green Party energy spokesperson Gareth Hughes.

OECD says CGT would address inequality - Parker

National’s misrepresentation of the OECD’s latest economic survey of New Zealand is cynical bluster and its diversionary tactics should be ignored, says Labour Finance spokesperson David Parker.

Foreign super and mining tax rules to change

Proposals to reform the tax treatment of foreign superannuation and bring the tax treatment of gold, silver and ironsands mining into line with other economic activities are the centrepieces of a tax bill introduced in Parliament today, Revenue Minister Peter Dunne has announced.

Tax change for multinationals

The Government confirmed today in the Budget it will push ahead with changes to the thin capitalisation rules that invest in New Zealand.

Views sought on taxing land-related lease payments

Revenue Minister Peter Dunne has welcomed the release today of a tax policy officials’ issues paper exploring options to reform the rules around land-related lease payments such as lease transfer payments and ‘key money’ payments.

IRD filing extension for Chch customers to expire

Inland Revenue is reminding customers in Christchurch that the time extension for filing tax returns will close on 31 March 2013.

Tax status of carparks to remain unchanged

The Government will not continue with a proposal which would have changed the way some employer-paid carparks in central Auckland and Wellington are treated for tax purposes, Finance Minister Bill English and Revenue Minister Peter Dunne say.

Clueless tax tinkering from a clueless Govt - NZ First

The Government is planning to once again attack struggling New Zealand businesses by imposing Fringe Benefit Tax (FBT) on company car parks in Auckland and Wellington, says New Zealand First.

'Still time' to make Penny and Hooper-like disclosures

Taxpayers who may have reduced their income tax obligations through an income diversion arrangement have until the end of this month to take advantage of Inland Revenue’s concession to make a voluntary disclosure.

Inland Revenue releases adverse events research

The Christchurch rebuild depends on a well-working tax system, so Inland Revenue has undertaken research to examine the impact of the earthquakes on small and medium businesses.

February tax payment reminder

Inland Revenue is reminding customers that end-of-year tax payments are due 7 February 2013 unless they have an extension of time through a tax agent. Payment may be required for Income Tax, Working for Families Tax Credits or Student Loans for the 2012 tax year.

High interest, business tax penalising investment

While we do not agree companies operating in New Zealand should aggressively seek to pay the minimum tax possible in New Zealand, this is no time to be signaling we are about to tighten our company tax rules, the Employers and Manufacturers Association says.

New university and polytechnic council members appointed

Tertiary Education, Skills and Employment Minister Steven Joyce today announced three new appointments to the councils of Massey University, the University of Waikato and the Nelson and Marlborough Institute of Technology.

Summer fun in Wellington

The must-have guide to what’s on during Wellington City’s sizzling summer events season hits the streets today.

Tax treatment of accommodation allowances clarified

Inland Revenue has issued a Commissioner’s Statement advising employers that they are required to account for PAYE on payments made towards staff accommodation costs.

IRD extends timeframe for income diversion disclosures

Inland Revenue has extended its approach regarding taxpayers with income diversion arrangements similar to Penny and Hooper to 31 March 2013.

Deloitte tax partner wins prestigious awards

Deloitte New Zealand’s Teresa Farac recognised as leading advisor in tax law at the Legal Media Group Australasia Women in Business Law Awards.

Tax refund agents urged to comply with Act

Tax refund agents urged to comply with Act
The Commerce Commission has put personal tax summary intermediaries (PTSIs) on notice that they may be failing to meet their obligations under the Fair Trading Act.

Simplifying the taxation of small business

The New Zealand Institute of Chartered Accountants (NZICA) has today released the second instalment of its thought leadership paper on ways to simplify taxation for New Zealand's thousands of small businesses.

Dunne launches new IRD app

Revenue Minister Peter Dunne today launched Inland Revenue's new mobile web application that will allow people to manage more of their tax and social policy entitlements on the move.

NZ Tax Refunds debuts with top 30 ranking

Christchurch, New Zealand -2 December, 2011 - New Zealand's leading online tax refunds company NZ Tax Refunds has ranked 30th on this year's Asia Pacific Deloitte Technology Fast 500 with 1401% growth.

Speech: Peter Dunne to NZ Institute of Chartered Accountants

Hon Peter Dunne Minister of Revenue Speech Keynote Address to NZ Institute of Chartered Accountants (NZICA), 2011 Tax Conference Auckland, 9.30am Friday 11 November

NZ-Hong Kong tax agreement in force

A double tax agreement between New Zealand and Hong Kong is now in force, Revenue Minister Peter Dunne announced today. Mr Dunne has welcomed the new agreement, which was signed in December last year.

Is gifting really free?

Following the abolition of Gift Duty, Age Concern New Zealand reminds older people to think carefully before disposing of their assets. Age Concern's honorary solicitor Jock Nicolson is concerned older people may be encouraged to give away too many assets prematurely.

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