Latest Taxation Headlines

IRD seeks feedback on withholding tax for foreign buyers

Mon, 31 Aug 2015 17:29:42 +1200 | BusinessDesk

Aug. 31 (BusinessDesk) - The Inland Revenue Department is proposing to introduce a withholding tax on foreign buyers of residential property from July next year as part of the government's plans to crackdown on speculators. More >>

Removal of FBT key to improved wellness in the workplace

Mon, 31 Aug 2015 15:44:09 +1200 | Health Funds Association of NZ

Passing the Affordable Healthcare Bill so that fringe benefit tax is removed from health insurance would greatly improve wellness in the workplace, the Health Funds Association (HFANZ) said today.More >>

IRD seeks feedback on taxing on foreign property buyers

Mon, 31 Aug 2015 15:37:01 +1200 | BusinessDesk

Aug. 31 (BusinessDesk) - The Inland Revenue Department is proposing to introduce a resident withholding tax on foreign buyers of residential property from July next year as part of the government's plans to crackdown on speculators. More >>

Residential property withholding tax proposed

Mon, 31 Aug 2015 14:19:16 +1200 | New Zealand Government

Public consultation begins today on the Government’s proposed residential land withholding tax with the release of a paper seeking public feedback More >>

Q+A: David Seymour - Paid parental leave concessions costs

Sun, 30 Aug 2015 12:39:06 +1200 | TVNZ

CORIN Well, Sue Moroney’s bill to extend paid parental leave to 26 weeks will be back in the house in a couple of weeks’ time. And this time, the Labour MP could just have the numbers. It, of course, all hinges on Peter Dunne. Now, one MP who ...More >>

Auckland tradesman sentenced to 10 months home detention

Fri, 28 Aug 2015 09:17:15 +1200 | Inland Revenue Department

A recidivist Auckland tax cheat has been sentenced to 10 months home detention and ordered to pay $92,400 reparation, following a second conviction for tax evasion offences.More >>

Referendum on transport funding, Development Auckland, SHA

Thu, 27 Aug 2015 17:02:27 +1200 | Auckland Council

A number of reports were presented and discussed at today’s Governing Body. The following is a digest of decisions made. More >>

Bright-line test targets gains on property sales

Mon, 24 Aug 2015 15:39:46 +1200 | New Zealand Government

Revenue Minister Todd McClay says measures proposed in a tax bill introduced today will improve compliance with the current residential land sale rules and help to ensure that people pay their fair share of tax on gains from property sales.More >>

Extraordinary Amount Spent on MBIE Website

Mon, 24 Aug 2015 11:43:28 +1200 | New Zealand Taxpayers' Union

The spending habits at the Ministry of Business, Innovation and Employment are again under fire after it was revealed that the department has blown $559,872 on its new website. Taxpayers’ Union Executive Director, Jordan Williams, says: More >>

Rules reduction – or rorting the rules?

Sun, 23 Aug 2015 19:21:11 +1200 | New Zealand Labour Party

The Government needs to answer some serious questions around its spending on the Rules Reduction Taskforce to prove it’s not rorting the rules, Labour’s State Services spokesman Kris Faafoi says.More >>

2am Ticket Blitz Shows Lack of Common Sense

Sat, 22 Aug 2015 16:21:30 +1200 | Auckland Ratepayers' Alliance

The Auckland Ratepayers’ Alliance is backing residents of two narrow Auckland streets in their criticism of Auckland Council parking wardens who fined 27 residents in a 2am blitz on cars with two wheels on the curb. Carmel Claridge, a spokesperson ...More >>

Auditor-General declines reuest on Mangawhai wastewater

Fri, 21 Aug 2015 12:21:48 +1200 | Controller and Auditor-General

After careful consideration, the Auditor-General, Lyn Provost, has again declined to make a report under section 44 of the Local Government Act 2002 about any losses that may have been incurred by the Kaipara District Council for the Mangawhai community ...More >>

Proposals for GST and offshore online purchases

Wed, 19 Aug 2015 09:55:56 +1200 | PricewaterhouseCoopers

PwC's views on the Government's discussion document seeking feedback on proposals for GST and offshore online purchases More >>

Insurer urges select committee for affordable health bill

Wed, 19 Aug 2015 09:44:26 +1200 | nib NZ

New Zealand’s second largest health insurer, nib, has urged the Government to support Select Committee consideration of New Zealand First’s Affordable Healthcare Bill. More >>

Mixed response to GST reform discussion document

Tue, 18 Aug 2015 16:51:34 +1200 | MYOB

The lowering of the GST threshold on overseas purchases is likely to have a positive impact on small businesses, however it may receive a mixed reception from local operators, says MYOB General Manager SME Solutions James Scollay.More >>

Retailers Welcome GST Moves But Urge Faster action

Tue, 18 Aug 2015 16:49:38 +1200 | Retail NZ

Retail NZ has cautiously welcomed the release of a Government discussion paper that proposes foreign websites selling digital services to New Zealanders pay GST – but has urged faster action on dealing with low value goods as well.More >>

Government’s GST Plans Leave Out PM’s Best Mates

Tue, 18 Aug 2015 16:44:14 +1200 | Democrats for Social Credit

“Yet again the government is proposing to implement a move which will penalise ordinary New Zealanders, but let the speculators and money manipulators who are the Prime Minister’s best mates off the hook”, says Democrats for Social Credit finance ...More >>

Richmond tradie gets home detention for tax evasion

Tue, 18 Aug 2015 16:31:49 +1200 | Inland Revenue Department

A Richmond tradesman has been sentenced to four months’ home detention for failing to file tax returns involving more than $92,000. More >>

Online GST discussion document released

Tue, 18 Aug 2015 12:52:13 +1200 | New Zealand Government

Revenue Minister, Todd McClay, today released a discussion document on the collection of GST for online purchases. More >>

First phase of GST on e-commerce misses physical goods

Tue, 18 Aug 2015 12:49:16 +1200 | BusinessDesk

Aug. 18 (BusinessDesk) - Charging GST on TV, music and online services looks to be much easier than collecting GST on low-value items such as books, shoes and clothes, judging by the government's first discussion document on applying GST to e-commerce ...More >>

 

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