News - short-process rulings

Business Tax Update October 2019

October Issue
Short-process rulings - We can now apply for short process rulings. Moving on from cheques - IRD will no longer accept cheques from 1 March 2020. Enrolling for the Research and Development tax incentive - This is available from the 2019/20 income year, features a 15% tax credit on up to $120 million of eligible expenditure. Use of Money interest rates (UOMI) - From 29 August 2019, the Use of Money Interest (UOMI) rates on underpayments and overpayments of tax changed.
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