Tag: Tax Audits

Government Announces Draft Plan To Tax Agricultural Emissions

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New Zealand’s Ministries of Agriculture, Climate Change and Environment have released a draft plan that will guide pricing on agriculture emissions that come from belching cattle and sheep. This plan will see New Zealand become the first country in the world to have farmers pay for the emissions that come…

Highlights from Budget 2022

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Budget 2022 is unlikely to elicit much excitement from the tax community as no new taxes or amendments to the income tax thresholds were announced despite some calls to do so. Rather, the government has opted to provide Kiwis with a temporary stimulus targeted at low to middle-income households. This…

7 Common Mistakes People Make with Their Taxes

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Taxes aren’t a part of life most people would consider fun. Keeping track of all your receipts and records can be tiresome and tedious at the best of times, and infuriating and confusing at the worst. But unless you want the Inland Revenue Department (IRD) to come knocking on your…

NZ Joins Forces With More Countries to Tackle Tax Evasion

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Revenue Minister Stuart Nash recently announced that New Zealand will add 30 territories to its existing list of 60 countries which have mutually agreed to share tax information in a bid to combat tax evasion, according to New Zealand’s Inland Revenue Department. The move came as part of a global effort to…

Strong Fundamentals Underpin NZ’s Strategy for Economic Growth

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Recent efforts to refine and balance New Zealand’s economic system have already shown impressive results, with the country outcompeting most others on the world stage in several areas. The World Bank’s Doing Business 2019 report recently ranked NZ first worldwide on its ‘ease of doing business’ scale, which singles out countries with…