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…

international tax transparency

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…