new zealand | Accountancy Insurance

New Zealand’s tax system is attractive because of the lack of inheritance tax – which is a touchy subject for many.

New Zealand’s tax system doesn’t tax on inheritance tax, healthcare or capital gains tax. The Labour party may start proposing an inheritance tax in the future, although there are no clear signs as of yet as it is a tough topic for debate and is something that needs to be…

Immigration to Australia and New Zealand is looked at through a ‘skilled work’ lens, prioritising certain occupations.

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In Australia the Priority Migration Skilled Occupation List (PMSOL) is the list of occupations that are prioritised with Visa processing, some of these occupations including accountants, taxation accountants and internal and external auditors. This list also includes occupations such as chefs, nurses and other occupations that are deemed necessary for…

Strong Tax Take And Low Expenses Cut Budget Deficit Forecasts

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The government appears cautiously optimistic following the release of official figures that indicate the budget deficit has been kept lower than anticipated. The operating balance before gains and losses was sustained at $3.6 billion for the 11 months ending in May 2021. This is more than 40% less than what…

NZ Reserve Bank Signals Normalizing Of Interest Rates In 2022

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The Reserve Bank has retained the official cash rate (OCR) at 0.25%, in keeping with the government’s stimulatory support for the economy. It has however also hinted at a possible one 25-basis-point rate increase as early as September of next year and a further 150-basis-point hike by 2024. This would…

New Zealand man committed of a $17 million tax fraud offense and sentenced to almost a decade in jail.

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Another case of fraud has been caught out by New Zealand Inland Revenue, this time sentencing a man to 8years in jail upon being found guilty. John Richard Bracken was guilty for 39 charges of dishonestly claiming and receiving $17 million of GST refunds, an offense that occurred between 2014-2018.…

New Zealand man tries to fool NZ customs by falsifying documents

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A businessman in Dunedin, Paul Lambert Clarke used some white-out pens and glue to change documents to avoid paying more than $1.3m in tax. Clarke was changing the value of imported machinery and was found out, appearing in court and pleading guilty on charges of altering documents and producing false…

Tax Audit Insurance

Tag: new zealand

New Zealand’s tax system is attractive because of the lack of inheritance tax – which is a touchy subject for many.

Immigration to Australia and New Zealand is looked at through a ‘skilled work’ lens, prioritising certain occupations.

Strong Tax Take And Low Expenses Cut Budget Deficit Forecasts

NZ Reserve Bank Signals Normalizing Of Interest Rates In 2022

New Zealand man committed of a $17 million tax fraud offense and sentenced to almost a decade in jail.

New Zealand man tries to fool NZ customs by falsifying documents

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