Tax Changes effective on 1 April 2017

Budget 2016 has introduced some business tax changes that will come in to effect on 1 April 2017. What you need to know if you pay schedular payments Tax rate notification for contractors (IR330C) form From 1 April 2017 if you have contractors receiving schedular payments and they want to change their tax rate or […]

Changes made to tax credit claims

From 1 April 2012 you can no longer claim tax credit for childcare or housekeeper payments. From 1 April 2014 you can only claim donation tax credits within a period of four years, following the year in which the gift was made. We will process your claim for a tax credit with the minimum of […]

Latest phishing scam using Inland Revenue’s name

The latest phishing scam appearing to be from Inland Revenue asks people to save an attachment and open it using a browser. This leads to a fake Inland Revenue form requesting confidential information, such as a password, credit card details, etc. We have taken down two of these fake sites, but there is a high […]

Phishing and other scams

Identity theft is using someone’s private information to pretend to be that person and gain access to resources or benefits. The most common methods that fraudsters use to collect this information are email and phone scams. By learning how scams work and how to protect your personal information, you can reduce your chances of becoming […]

How your New Zealand income tax rate may change over time

The amount of income tax you pay depends on your income and whether you are entitled to any tax credits. This will undoubtedly change throughout your life, and thus so will your income tax rate. IRD Number Before you begin any form of paid employment in New Zealand, you must have an IRD number by […]

Are Kiwis paying the highest sales tax in the world?

The sales tax increase back in late 2010 outraged many Kiwis, making our already highly-priced goods and services even more expensive. But how does this increase actually affect us? Compared to the rest of the world, is a 15% sales tax considered too high or low? And how much does it really matter when taking […]

Working for Families Tax Credits – are you eligible?

Working for Families was introduced in 2004. It is designed to ensure that all New Zealand families have adequate income, and to support parents who are in paid employment. If you have dependant children of 18 years or under (dependant means they are supported by you, and are not in paid employment), you may be […]

Which is the first country in the world to pay income tax?

Income tax is imposed by governments on income created by all individuals who come within the law of that country. Income tax includes almost everything a person earns – salaries, dividends on investments, savings accounts, rents, etc. A monthly payment for professionals like lawyers, doctors and authors is also included under the ambit of income […]

Tax Credit Support for Working Parents

There is a package provided by Work and Income and the Inland Revenue Department available to working parents, which comes under the banner of “Working for Families.” Working for Families is a package designed to help make it easier to work while raising a family. The Working for Families package is available for almost all […]

Could you receive a refund during the annual New Zealand tax refund season?

A huge number of people don’t realise that they could be entitled to a New Zealand tax refund. Indeed, millions of dollars are lost to the government each year in overpaid tax. Whether you investigate yourself or employ the services of a tax agent, always check what you are rightfully entitled to or you could […]