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Tax

Strengthening the TPB's role in protecting consumers of tax services

Chair of the Tax Practitioners Board (TPB), Mr Ian Taylor, welcomes tonight’s Federal Budget announcement to provide the TPB with ongoing additional funding.

Retail NZ asks Nash to stand by GST commitment

Retail NZ is asking Revenue Minister the Hon Stuart Nash to stand by his commitment to make sure that foreign websites are paying their share of GST, after reports that he "jumped the gun" in commenting on the issue.

Ditch the paper and file GST online - IRD

People still filing their GST on paper are being encouraged to join the thousands of others who have taken the task online.

Auckland builder gets 34 months’ jail for evading more than $500,000 in tax

A South Auckland builder who gambled away more than $560,000 at Sky City casino while paying no tax has been sent to prison for two years 10 months.

Tax law change needed to help rebuild and preserve buildings - NZ First

An amendment to the Income Tax Act 2007 is urgently needed to help businesses rebuild and get back on their feet after earthquakes, says New Zealand First Building and Housing Spokesperson, Ron Mark.

NZ among easiest countries for paying taxes - PwC and The World Bank Group

The Paying Taxes 2017 report by The World Bank Group and PwC puts New Zealand well ahead of the global average and our neighbours in respect of businesses dealing with their tax obligations.

Survey shows businesses spending less time on tax

Revenue Minister Michael Woodhouse and Small Business Minister Craig Foss today welcomed a survey showing small businesses are continuing to spend less time on tax compliance.

Inland Revenue considers updating farmhouse expenses rules

Inland Revenue is looking to bring tax accounting practice regarding farmhouse expenses into line with the law. This is all part of a review of out-dated practices and policies.

Government to adopt Shewan recommendations

The Government is acting on all recommendations from the Shewan Inquiry into foreign trust disclosure rules, Finance Minister Bill English and Revenue Minister Michael Woodhouse announced today.

Tax proposals for employee share schemes 'go to far'

Efforts to reduce the complexity of the tax treatment of employee share schemes (ESS) are commendable but current proposals by Inland Revenue (IR) go too far, says Chapman Tripp.

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