Study Reveals Wealth Gaps in New Zealand

New data has shown the wide gap between the country’s wealthiest and poorest people. In a new report published on January 16th, Oxfam New Zealand has revealed the state of income inequality in New Zealand, claiming that a small number of individuals in the country control more wealth than a significant portion of people. In […]

Tax Rules Loosened For Quake Victims

Taxpayers in and around Kaikoura will have some reprieve, as their tax filing requirements are eased during the recovery. On November 22nd the Minister of Revenue Michael Woodhouse announced that special measures have been enacted to ease the filing burdens of taxpayers impacted by the earthquake in Kaikoura. The Minister explained that following an Order […]

NZ Businesses Spending Less Time on Tax Filing

Technology is helping New Zealand businesses vastly reduce the amount of time that they spend on their tax filling. On November 16th the Revenue Minister Michael Woodhouse and Small Business Minister Craig Foss announced that the results of new survey have shown that small businesses in New Zealand are spending a decreasing amount of time […]

Global Impact Visa Partner Chosen

The government of New Zealand has taken an extra step forward to attracting more young entrepreneurs into the country. In a statement issued on September 28th the Minister of Immigration Michael Woodhouse announced that a partner has been found to help the government implement the upcoming Global Impact Visa in New Zealand. The new Global […]

New Zealand Convicts Human Trafficker

For the first time ever New Zealand has convicted a person for human trafficking. On September 15th New Zealand saw the first conviction handed out for the charge of human trafficking. A Papatoetoe man, Foraz Ali, was convicted of trafficking 15 Fijian nationals to New Zealand to subject them to work for minimal pay and […]

Tourist Numbers Up in July

The number of guest nights seen in New Zealand in July has risen compared to last year, but fallen if the number is seasonally adjusted. New information released earlier this week by Statistics New Zealand indicates that holiday makers in New Zealand are staying for longer periods. Over the course of July 2016, the number […]

Auckland Needs Fuel Tax

Auckland needs a regional fuel tax in order to fund the development of roads and rail, according to Phil Goff. In a radio interview aired this week, the Mayoral candidate for Auckland Phil Goff suggested that the city may need to implement a fuel tax in order to pay for the expansion of the roading […]

NZ Auditors to be Recognised in EU

New Zealand companies will find it easier to meet reporting requirements in the EU, as their local auditors will soon be recognized in Europe. In a statement issued on August 30th the Minister of Commerce and Consumer Affairs Paul Goldsmith announced that the European Union has taken the decision that New Zealand auditors shall be […]

Restaurant Owner Jailed for 38 Months

The IRD has won a case against a serial tax evader accused of dodging nearly NZD 800 000 in taxes. Late last week Zai Jian Liang, proprietor of tasty Zone Restaurant in East Tamaki, was sentenced to 38 months of jail time for tax evasion amounting to NZD 787 996. According to the Inland Revenue […]

New Bill to Revamp Provisional Tax System

Small business in New Zealand will soon have an easier time paying their Provisional Tax, if a new Bill is approved. On Monday the Minister of Revenue Michael Woodhouse announced that new bill has been introduced to Parliament, detailing the earlier proposed updates to Provisional Tax payments. The new bill details the new Accounting Income […]