Articles about Tax Law

International tax changes will add to the costs of doing business abroad and do little to make New Zealand better off, according to the New Zealand Institute of Chartered Accountants (NZICA).

The second round of Budget 2010 tax changes will help make business more competitive and further rebalance the economy towards savings and exports, Finance minister Bill English and Revenue Minister Peter Dunne say.

The Government is considering further tax issues in response to the Christchurch earthquake, said Revenue Minister Peter Dunne today.

Just under three-quarters of business owners would be likely to vote for the political party that put forward plans to simplify provisional tax rules, according to the MYOB Business monitor survey.

A  new scam email containing the  Inland Revenue's name and logo is circulating promising recipients a tax refund, available if they follow a link to a website and fill in personal details including their debit card number.

The potential slow down for businesses around the country when the GST rise hits this Friday is concerning, particularly as the pre-GST period has not brought any significant rise in spending and as consumer confidence in recent surveys has taken a fall according to MYOB.

The Government's 1 October tax changes will further boost real after-tax wages by 1.2% in the three months to December, leaving the vast majority of New Zealanders better off says Finance Minister Bill English.