We have just published our February newsletter. If you are not receiving our newsletters by email and would like to, please sign up using the form in the footer of this website. Topics for February include: 1. IRD’s new debt collection initiative 2. Gross income...
Not only the IRS but the IRD is on the warpath as well, announcing its policy as regards the collection of outstanding debt and unfiled tax returns today. IRD advises that additional funds have been granted by the government for outgoing calls to delinquent taxpayers....
There are major changes occurring in 2011 once legislation has been passed, affecting Loss Attributing Qualifying Companies (LAQCs) and Qualifying Companies (QCs) under NZ tax legislation. From 1 April 2011, the ability to attribute losses through an LAQC will no...
GST increases in New Zealand effective 1 October 2010. This has been heavily publicized by accounting professionals and the Inland Revenue Department in the past month. New Zealand still does not exempt necessary items such as food from GST as does Australia. Tax cuts...
According to the Chief Advisor – International Audit – IRD, the top ten errors associated with international tax compliance with respect to the taxation of NZ tax residents are as follows: Error 1: NZ tax residents are taxable on income from NZ...
