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 […]
 

Greens Slam National Over Property

The Green Party is suggesting that new data is showing that the current government is more interested in supporting housing speculators as opposed to New Zealanders wanting to buy their first home. According to the Green party of New Zealand, the current government has allowed the country to become a “property speculators’ paradise”. In a […]
 

More Visas Granted for Low-Skill Jobs

New data suggests that since 2010 more migrants have been approved to work in low-skilled jobs in New Zealand, while the proportion of high-skilled workers being approved has dropped. Recent modelling completed by the New Zealand immigration adviser AMG Immigration indicates that over the last 5 years a greater number of temporary work visas have […]
 

New Infrastructure Costs to be Borne By Buyers

The New Zealand Council for Infrastructure Development is calling for the cost of new housing developments to be passed to buyer, not developers. In a press release on July 4th the New Zealand Council for Infrastructure Development (NZCID) called on the government to implement a plan for the payment and collection of funds from the […]
 

Statistics Shows New Zealand’s Wealth Gaps

New data shows that large wealth gaps exist between different age groups and ethnic groups in New Zealand. On June 28th Statistics New Zealand released new data regarding the distribution of net wealth across different groups in the country. It was shown that approximately 70 percent of total household net worth in New Zealand is […]
 

Import Levels Rising in New Zealand

Import levels are rising in New Zealand, with the import of consumer gods leading the charge. On June 27th Statistics New Zealand released new information showing that over the month of May the goods trade surplus in the country reached NZD 358 million. The total of all goods imported into New Zealand over the curse […]
 

IRD Warns of Phone Scam

Taxpayers across the country have been subject to an increasing number of calls from phone scammers claiming to be calling from the IRD. In a warning issued on June 17th the New Zealand Inland Revenue Department urged taxpayers to be cautious of a recent spate of scammers trying to defraud legitimate taxpayers. As of June […]
 

extra Tourist Don’t Translate to Extra GST, According to NZ First

New Zealand First has raised questions about why GST collections from tourism are not rising in line with growing tourist numbers. In a new press release issued on June 13th the New Zealand First Party claimed that the surge in tourist numbers has not been reflected in the national tax revenues from the collection of […]
 

PETA Says Tax Meat Like Cigarettes

PETA has called on the New Zealand government to tax “flesh foods” like tobacco. The animal rights group People for the Ethical Treatment of Animals (PETA) has written a letter to the Finance Minister Bill English, calling on the government to tax meats the same way as cigarettes and tobacco. PETA claimed that a tax […]