[IRD][taxpolicy] Legislation in the July 09 tax bill enacted

Legislation introduced in the Taxation (Consequential Rate Alignment and Remedial Matters) Bill received Royal assent on 7 December.  The bill was introduced in July 2009 and passed through its final stages in Parliament late last month. The resulting Act is published at: http://www.taxpolicy.ird.govt.nz/ Coverage of the new legislation will appear in a Tax Information Bulletin

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[IRD] Calculate tax on holiday pay – 2010

This calculator is only for pay periods ending between 1 April 2009 and 31 March 2010 (inclusive). This calculator works out how much PAYE to deduct from an employee’s holiday pay. Use this calculator to work out the amounts to deduct for PAYE, student loan repayments and KiwiSaver deductions, as well as any KiwiSaver employer

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[IRD] PAYE Online Calculator

This useful feature on the IRD website allows you to double check what your system is doing in regard to PAYE.  For manual payroll users it far better than using manual tax tables. Use the following link to access the PAYE Calculator: https://interact1.ird.govt.nz/forms/payecalculator/

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[DOL] Christmas and New Year Holidays and Leave

This year’s Christmas and New Year public holidays are a bit tricky as they fall partially on the weekend. The public holidays for Christmas and New Year’s Day fall on a Friday and are observed on the days they fall. That part is easy. Boxing Day and the Day After New Year’s Day fall on a

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[IRD] Tax Information Bulletin Vol 21, No 8 (October/November 2009)

The latest issue of the Tax Information Bulletin Vol 21, No 8 (October/November 2009) is now available at: www.ird.govt.nz/aboutir/newsletters/tib/   This latest issue of the TIB is in two parts. Part I covers Binding rulings, Legislation and determinations, and Legal decisions – case notes.   Part II comments on the Taxation (International Taxation, Life Insurance,

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Employment law review coming

The laws, called continuity of employment provisions, affect industries such as cleaning, food and laundry services where work was often contracted and changes to contracts can create restructuring or redundancy situations. It will also look at employee protection provisions that are required to be added to an employment contract when a business is restructuring.

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IRD [taxpolicy] Tax bill introduced

The Taxation (Annual Rates, Trans-Tasman Savings Portability, KiwiSaver, and Remedial Matters) Bill was tabled in Parliament today.  The bill introduces changes to the tax rules to allow New Zealanders returning home from Australia to bring their retirement savings with them.  It also includes a number of technical changes to the rules surrounding KiwiSaver, gift duty

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IRD – November issue of Business Tax Update

In this issue you can read about the new payroll giving scheme, direct credit refunds, relocation payments and overtime meal and sustenance allowances, KiwiSaver contact centre hours, tax pooling, making tax payments on time, associated persons, volunteer payments, GST legislation changes, and compulsory employer contributions.   Here’s the link to the November issue of Business

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Payroll Giving Signed Into Legislation

Payroll software companies are soon to play an important role in the promotion of charitable giving in New Zealand according to Heather Newell, a specialist in fundraising for the non profit sector.   “We are hoping that payroll software providers will play a key role in persuading companies that there are benefits for both the

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