Budget 2016 has introduced some business tax changes that will come in to effect on 1 April 2017. What you need to know if you pay schedular payments Tax rate notification for contractors (IR330C) form From 1 April 2017 if you have contractors receiving schedular payments and they want to change their tax rate or if a new contractor starts working for you, you’ll need to give them a Tax rate notification for contractors (IR330C) form instead of the Tax

From 1 April 2012 you can no longer claim tax credit for childcare or housekeeper payments. From 1 April 2014 you can only claim donation tax credits within a period of four years, following the year in which the gift was made. We will process your claim for a tax credit with the minimum of delay. You can help by attaching receipts for all of your donations and childcare and/or housekeeper payments and sending your Tax credit claim form 2014

The latest phishing scam appearing to be from Inland Revenue asks people to save an attachment and open it using a browser. This leads to a fake Inland Revenue form requesting confidential information, such as a password, credit card details, etc. We have taken down two of these fake sites, but there is a high possibility of others being created. If you receive this email delete it immediately and make sure you don’t provide any details. If you receive this

Identity theft is using someone’s private information to pretend to be that person and gain access to resources or benefits. The most common methods that fraudsters use to collect this information are email and phone scams. By learning how scams work and how to protect your personal information, you can reduce your chances of becoming a victim of identity theft. Are you a victim of identity theft? If you have fallen for a scam, given away personal information or suspect

The amount of income tax you pay depends on your income and whether you are entitled to any tax credits. This will undoubtedly change throughout your life, and thus so will your income tax rate. IRD Number Before you begin any form of paid employment in New Zealand, you must have an IRD number by which the IRD will be able to identify you and which will never change. It is possible to work without one but your tax will

The sales tax increase back in late 2010 outraged many Kiwis, making our already highly-priced goods and services even more expensive. But how does this increase actually affect us? Compared to the rest of the world, is a 15% sales tax considered too high or low? And how much does it really matter when taking other factors like income tax into consideration? Sales tax was first introduced to New Zealand in 1986, which was 10% at that time. In July