Budget 2016 transforming NZ’s tax system

NZ moving on from cheques

Cheque usage continues to decline every year Last year cheques only accounted for 5% of payments to Inland Revenue and some people who used cheques also used other payment methods. From 1 March 2020, Inland Revenue will no longer be accepting cheques if customers have an alternative payment option available. This includes post-dated cheques (cheques…

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NZ GST on low-value imported goods

New GST rules for low-value imported goods From 1 December 2019 overseas businesses selling low-value goods to consumers in New Zealand must charge GST at the point of sale if they meet the GST registration requirements, including a NZ$60,000 turnover threshold. Low-value goods are physical goods valued at NZ$1,000 or less (excluding GST), such as…

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NZ Privacy Bill update

Commissioner welcomes Select Committee’s Privacy Bill report Privacy Commissioner John Edwards welcomed the Justice Select Committee’s report on the Privacy Bill. “The Committee has listened to submitters and the reported back Bill contains measures to ensure the law addresses some of the most pressing aspects of the modern digital economy. The law will now explicitly…

Alliotts TaxPulse

April TaxPulse

Alliott Group’s global tax news in one monthly digest Asia Pacific Tax News BJP pledges to revise income tax brackets if re-elected India’s ruling BJP party says it will revise income tax brackets if re-elected in the seven-phase general election, starting from 11 April. “We are committed to further revise the tax slabs and the…

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New NZ employment law from 1 April

New NZ employment law From 1 April 2019, employees who are affected by domestic violence will have new entitlements and rights. They can take up to 10 days’ paid leave each year, can request a variation to their working arrangements, and can raise a personal grievance, or unlawful discrimination claim, if their employer treats them…

Alliotts TaxPulse

Global tax news monthly digest Mar-19

Alliott Group’s monthly global tax digest for March Welcome to March’s edition of TaxPulse A monthly media round-up of news, views and comment pertaining to global taxation, provided by Alliott Group’s International Tax Services Group. Asia Pacific Tax News China unveils $298bn tax cuts to boost growth Chinese number two Li Keqiang has outlined plans to cut…

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ATO on E-invoicing

Trans-Tasman e-invoicing Electronic invoicing is a broad term that covers the exchange of invoices between a supplier and a buyer in an electronic format – for example, emailing an invoice in portable document format (PDF). However, when we talk about e-invoicing (or digital invoicing), we mean the automated direct exchange of invoices between the supplier’s and buyer’s…