News

March 2018 IRD News

Key services unavailable in late April. IR-file will be discontinued on 11 March. Payday filing is here for all employers. Changes to myIR. Refunds from ACC for overpaid levies - tax obligations. 2019 National standard costs for specified livestock determination. Tax implications of working for accommodation. Plastic bag ban 1 July. Are your customers asking for less packaging and waste?
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September 2018 IRD News

Sept
Changes made to modernise taxation of Employee Share Schemes (ESS) come into effect on 29 September 2018. These changes ensure that the tax treatment is in line with other forms of employment income. More than 1,100 small businesses with turnover under $5m have opted for more certainty around their provisional tax obligations by signing up to the new accounting income method (AIM). We have recently published a standard practice statement SPS 18/03: Effective date of GST registrations. The statement sets out the effective date the Commissioner will register a person for GST. For the 2018 and later tax years, companies that receive schedular payments will in some circumstances be able to transfer the tax deducted from these payments directly to the company's shareholder-employee(s). On 1 October a new Customs and Excise Act comes into force. Are you a payroll officer, payroll manager, CFO or tax manager in your business? Then attending one of our payday filing seminars is a must for you.
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August 2018 IRD News

May
Get ready to shift to payday filing. From April 2019 all employers will need to file their employment information every payday. Choose your business structure - three quick questions and you're on your way The structure you choose can impact your ability to grow or sell the business, so it's important to get it right. We'll still accept late submissions for CRS & FATCA disclosures Although the due date for CRS & FATCA disclosures has passed, we'll still accept late submissions. Business running of a motor vehicle – kilometre rate. Foreign investment fund income – deemed rate of return. Income tax – what is the treatment of allowances paid and benefits provided to farm workers?. War pensions paid under the Dutch ABVP Scheme. Taxation of trusts – income tax
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