In this issue you can read about new measures introduced, mileage rate for vehicles, earthquake support subsidy, proposed changes to depreciation rules, B2B web services, redundancy tax credit, new practice
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[IRD] June 2011 – statement on deduction notices issued to banks
The latest issue of the Tax Information Bulletin Vol 23, No 5 (June 2011) is now available at www.ird.govt.nz/tib In this issue you can read about: – product ruling
[IRD] [taxpolicy] Budget tax bill introduced
The Taxation (Annual Rates and Budget Measures) Bill was tabled in Parliament this afternoon by Revenue Minister Peter Dunne. The bill introduces changes to KiwiSaver and Working for Families announced
KiwiSaver cuts ‘affordable for most’
The Government says most workers and employers will be able to afford the larger KiwiSaver contributions announced in today’s budget, but there are also warnings that the scheme’s compliance costs
[IRD] [taxpolicy] Budget 2011 tax announcements
Budget 2011 announced changes to KiwiSaver, Working for Families and Student Loans. The proposed changes to these schemes are intended to make the schemes more sustainable. Also announced were
Govt cuts KiwiSaver tax credit
Prime Minister John Key this morning confirmed his Government will reduce KiwiSaver’s Member Tax credit – the 2 per cent subsidy the Government pays to savers in the scheme –
Nelson employer stung for underpaying workers
A Nelson employer has been stung for more than $30,000 for underpaying his workers. The Employment Relations Authority found Bun Thuon Lam, a horticultural labour contractor, failed to pay five
[IRD] [taxpolicy] Earthquake bill tabled
Revenue Minister Peter Dunne today tabled a bill aimed at providing earthquake relief through the tax system. The bill provides businesses with exemptions from tax and gift duty for trading
[IRD] Agents Answers – May 2011 * Return and payment extensions of time – Christchurch earthquakes
In this issue you can read about help with lost or destroyed records after the Canterbury earthquake, return and payment extensions of time, transferring your tax credit to the Christchurch
Westpac glitch disrupts Govt wage payments
A problem affecting 10,000 payments at Westpac Bank has left many public sector employees without pay today. Westpac spokeswoman Hayley Lynch said the bank was still investigating what caused the
Easter trading bill slammed as ‘complete time waster’
The retail workers’ union has quickly scorned a planned parliamentary bill to allow shops to open on Good Friday. \”This is a complete time waster,\” National Distribution Union general secretary
Work stoppages at record low
Work stoppage numbers in 2010 were lower than in any other calendar year since the current statistics series started in 1986. Figures published today by Statistics New Zealand (SNZ) show
Jury service campaign launched
A campaign has been launched to encourage people to fulfil jury service obligations. The campaign, which involves a series of posters on websites and in newspapers, is part of a
DEPARTMENT OF LABOUR UPDATE ON IMPORTANT LAW CHANGES
On 1 April new changes to Employment Legislation came into law. Our website has been completely updated with this information. It should be easier to find the information you need under these
Beware politicians wielding salary statistics
As the general election approaches we can expect to have politicians brandishing statistics at us, carefully selected to suit their respective causes. The Government is keen to make the case
[IRD] April 2011 * do NRWT rules apply to interest paid to Australian financial institutions?
In this issue you can read about: – the 2011 International tax disclosure exemption ITR21 – determinations on non-attributing active insurance CFC status (TOWER Insurance Limited) in Fiji and Papua
Business Update: April 2011 – tax help for Christchurch earthquake affected businesses and families
In this issue you can read about tax help if youve been affected by the Christchurch earthquake, ACC levy rates for 2011-12, GST on fringe benefits, relief from KiwiSaver deductions
[IRD] Agents Answers – April 2011 – Tax help for Christchurch earthquake-affected businesses and families
In this issue you can read about tax help if you*re affected by the Christchurch earthquake, KiwiSaver contributions holidays, 2012 tax year EOT and filing, tax treatment of earthquake disposal
Staff ‘sickies’ targeted by new law
Workers who routinely pull ‘sickies’ may be dissuaded from doing so by employment law changes that come into effect tomorrow, an employment lawyer says. From tomorrow, employers will be able
Dunne: Govt considers Christchurch quake tax issues
Although Inland Revenue had already put in place a number of urgent measures in response to last month’s Christchurch earthquake, the Government is looking at further measures in response to