Category Archives: Accounting

Use-of-money Interest Rates Changed

Posted ago by Editor

Use-of-money interest rates in New Zealand on underpayments and overpayments of tax changed today, 8 May 2012. The current rates are: new underpayment rate – 8.40% (previous underpayment rate  – 8.89%) new overpayment rate – 1.75% (previous overpayment rate –  2.18%).

New Zealand Accounting Reminder: May 2012

Posted ago by Editor

7 May The third (final) installment of provisional tax for the 2012 income tax year is due. 7 May Student loan interim payments are due. 7 May GST filing is due  (if you are registered for bi-monthly or bi-annually filing). 7 …

New Zealand SWIFT codes

Posted ago by Editor

The following is the list of SWIFT codes  (also known as ISO 9362, SWIFT-BIC, BIC code, SWIFT ID) for all banks and financial institutions  in New Zealand. These codes are used when transferring money between banks in New Zealand and internationally. The SWIFT code consists of  8 …

New Zealand Tax Calendar 2012 – 2013

Posted ago by Editor

April 1 2012 -2013 Financial Year begins 10 2011 Fringe Benefit Tax return due for companies with a March balance date Terminal income tax for 2011 is due for entities with a March balance date who have been signed to …

Interest calculation error for some New Zealand nonresident companies

Posted ago by Editor

Because of the New Zealand Inland Revenue Department system miscalculation, all non-resident contractor companies, non-resident  entertainer companies and agents for foreign  insurers with balance dates between October and  February will have incorrect use-of-money interest  (UOMI) calculations. End-of-year tax for a …