Taxation (Tax) stories
Cutting-edge tech holds key to payroll fraud prevention, following a colossal Plutus scandal, says InPayTech's Don Sharp.
Apple is confident it will wipe the pie off its face after it was hit by a €13 billion (NZD $20 billion) in retroactive taxes by the European Union.
Mixing personal and business expenses is the most common mistake small business owners make that result in audits.
The days of GST-free music, games, e-books and software purchased online are coming to an end, with plans to tax online services from next October.
New Zealand retailers welcome proposal to lower threshold for GST on imported goods, aiming to compete fairly with foreign websites.
Google faced a higher tax bill last year, but the $371,799 bill is unlikely to faze the company, which made $14.9 million in recorded revenue.
Passengers should see faster journeys and improved terminals as the airport spends about NZD $1.8 billion on upgrades through 2022.
Councils say tourism growth is straining toilets, roads and car parks, with more than 680 projects worth NZD $1.38 billion in train.
After successful trials, Xero is bringing direct electronic GST returns to its software that can be sent straight to the IRD, the company reports.
The IRD is seeking consultation and feedback on how software development expenditure should be classed for income tax purposes.
According to MYOB, this is the first e-GST service for New Zealanders, and is the result of working with the IRD for several months.
InternetNZ critiques NZ's new online GST policy, stressing its need for fair execution without harming eCommerce.
Increasing numbers of businesses and individual taxpayers turning to online service to pay tax means big savings, according to the Government.
The Inland Revenue has partnered with US company Fast Enterprises to update New Zealand's tax and social policy administration system.
The total volume of New Zealand retail sales rose 2.7% for the March 2015 quarter, which is the largest percentage increase since December 2006.
The Government says it's leveling the playing field with digital GST and a crack-down on multinational companies' tax avoidance.
Inland Revenue is seeking feedback from business owners on whether to scrap provisional tax estimations in favour of real-time tax calculation.
The New Zealand government turned to a deficit in the first eight months of the financial year, although the shortfall was smaller than forecast as th.
DuluxGroup settles a long-standing tax dispute with New Zealand's IRD, taking a USD $15.2 million hit to cover provisions, including USD $8.9 million in cash.
Fisher & Paykel Appliances narrowed its full-year loss in 2014 after sales growth across all its markets helped drive a surge in revenue.