Tax Press Releases

The new website for NZ Rental Tax Services makes it easy for investment property and rental property owners to do their tax returns online.

Kiwi taxpayers are being warned to watch out for a new email phishing scam which asks them to disclose their personal financial information.

Wise Advice’s new app – the Tax Toolbox contains all the tax calculators a small business owner in New Zealand needs – GST, PAYE and personal tax along with a due date reminders function alerting you when tax payments are due. It also includes regular updates, usefull articles and discussions designed to help business people keep up to date with whats happening in the accounting and tax sector

Labour’s tax theories would leave a huge hole in taxpayers’ finances over the next 15 years and add $18.5 billion dollars to net Crown debt, Associate Finance Minister Steven Joyce says.

Budget 2011 changes to the tax system will ensure fairer treatment of employee benefits, new rules for mixed-use assets, and a new approach to livestock valuation elections for farmers.

Inland Revenue will take account of the impact of this week’s huge Christchurch earthquake when dealing with the tax matters of individuals and businesses affected, Revenue Minister Peter Dunne said today.

Low-income working families who are eligible for the minimum family tax credit can look forward to an increase from 1 April next year, Revenue Minister Peter Dunne announced today.

Minister of Revenue, Peter Dunne said today that the Government would introduce new rules preventing loss attributing qualifying companies (LAQCs) from passing losses on to their shareholders.

Labour’s unfunded policy to remove GST from fresh fruit and vegetables would deliver only $1 a week for the average Kiwi – and much less for low income earners, Finance Minister Bill English says.

Tax changes on 1 October, 2010 will increase superannuation payments. A single (living alone) superannuitant will receive an extra $31.26 a fortnight, and married couples will receive an extra $42 between them in their fortnightly payments.

Tax changes on October 1, 2010 will boost real wages. Personal income tax rates will be cut, bank saving resident withholding tax rate will drop, the top tax rate on savings in PIE investments will drop and GST will increase.

Revenue Minister Peter Dunne has tabled legislation which would entitle up to 310,000 New Zealand families to income share for tax purposes.This family-friendly bill will empower and assist families with one parent working fewer or more flexible hours in order to raise their children.

Changes to New Zealand’s company tax rate will make our country more competitive internationally, Finance Minister Bill English claims.

The government is looking into repealing gift duty, and intends to if concerns around creditor protection and social assistance targeting can be dealt with. Gift duty was originally introducted to prevent circumvention of estate duty rules.

Personal tax cuts in Budget 2010.

GST changes and compensation in Budget 2010.

Across the board tax cuts and a package of other tax changes will strengthen economic growth and help families get ahead here in New Zealand, Finance Minister Bill English and Revenue Minister Peter Dunne say.