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Tax

PM limp on corporate tax avoiders - NZ First

The prime minister is refusing to do anything about multinationals ripping off New Zealand with their avoidance of tax, says New Zealand First.

Consultation begins on AEOI implementation

The OECD’s automatic exchange of information (AEOI) initiative will set a global standard for sharing information with the objective of minimising tax evasion, says Revenue Minister Michael Woodhouse.

Wide ranging Tax Bill passes 3rd reading

A wide ranging tax bill passed its final stage in Parliament today, bringing together a suite of proposals to help support the Government’s work in creating a more productive economy, Revenue Minister Michael Woodhouse says.

Inland Revenue service rated highly by chartered accountants

Chartered accountants working in public practice and corporates are generally happy with the service provided by Inland Revenue (IR).

Govt announcements 'create new GST loopholes'

Retail NZ says that the introduction today of a government bill that applies GST to offshore suppliers of services and intangibles creates new loopholes in collecting GST and is a wasted opportunity to level the playing field for all Kiwi retailers.

Inland Revenue alert on employee share purchase schemes

Inland Revenue has issued a Revenue Alert, RA 15/01, advising that some employee share purchase schemes may constitute tax avoidance. Revenue Alerts are issued by the Commissioner of Inland Revenue to provide information and guidance about significant tax planning issues.

National all talk no action on provisional tax - Labour

After months of discussion documents and talkfests National has kicked for touch on provisional tax, despite it being one of the biggest issues facing small business, says Labour’s Revenue spokesperson Clayton Cosgrove.

IRD cooperates with Xero and MYOB to simplify GST

Revenue Minister Todd McClay says New Zealand and international companies are reaping the benefits of the billion dollar programme to modernise and simplify New Zealand’s tax administration.

Businesses say paying tax is getting easier - McClay

Doing business with Inland Revenue is 23 per cent easier than it was last year, says Revenue Minister Todd McClay. "Inland Revenue’s stated aim is to save taxpayers time and money and it is working," says Mr McClay.

Bill to simplify tax system passes first reading

A bill aimed at preparing the way for a simpler and more modern tax administration system passed its first reading in Parliament today.

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