© 2019 Tax Professionals | Proudly created by Media Solutions Kiwi Ltd. 

Featured Posts

Tax Facts

Home / Tax Facts

As part of its current hidden economy campaign, Inland Revenue compliance staff have been making unannounced visits to businesses in the hospitali...

Are you a tax resident of another foreign country?
New Zealand has committed to a global initiative led by the OECD on the automatic exchange of f...

From the 2019-20 income year, you can only claim deductions on the amount of income you earn from your rental property.

All deductions must be ri...

From 1 April 2019, the minimum wage in:

  • New Zealand is to increase to $17.70 per hour;

  • This adds up to $708 for a 40-hour week;

  • The t...

You must file now your employment information each payday instead of filing an Employer monthly schedule (IR348) every month.

From 1 April 2019 all...

Net income (or net loss) is calculated by deducting annual allowable deductions from the total amount of gross income for an income year. Annual a...

Disputes sometimes arise because a taxpayer and Inland Revenue have not reached agreement on a tax position taken by a taxpayer. If no agreement c...

Fringe benefit tax (FBT) is a tax on benefits that employees receive as a result of their employment, including those benefits provided through so...

GST is a tax on the supply of goods and services in New Zealand by a registered person on any taxable activity they carry out. The rate for GST is...

Please reload