Accounting & tax info, news and due dates

Check here regularly for all the latest tax information and news

Updates to GST on Low Value Imported Goods

August 8, 2019

Inland Revenue have announced some changes to GST on low value imported goods. From 1 …

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Extension To The Bright-Line Test

April 23, 2018

From 29 March 2018 the bright-line test for residential property has been extended from 2-years …

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New Tax Codes for Contractors

February 1, 2018

From 1 April 2017, if you are hiring any contractors that are required to have withholding tax deducted, or are a contractor yourself the IRD have issued a new form to be filled in from April 2017 onwards.

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Increased IRD Mileage Rate

May 19, 2017

The IRD’s mileage rate has been increased to 73 cents per km (up from 72 cents) effective for the 2017 financial year. This applies to both petrol & diesel fuel vehicles.

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Beware: IRD’s Plans to Access your Bank Accounts

May 10, 2017

With the new platform IRD have recently rolled out for GST returns and the myIR Logon – there’s a section called ‘manage payment bank accounts’. If you fill this in you’re giving IRD access and authority to take money out of your bank account on their terms, rather than when you want to pay them, on or before the due date.

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