Tag Archives: ird

Minimum financial reporting requirements for New Zealand companies

Posted ago by Editor

Policy Advise Division of New Zealand Inland Revenue Department issues paper released last week seeks feedback on what the minimum financial reporting requirements should be for most small and medium companies. For more information see the media statement and the …

International tax disclosure exemption

Posted ago by Editor

The IRD has issued International Tax Disclosure Exemption ITR23, which removes the requirement for a resident to disclose certain investments. The 2012 disclosure exemption also removes the requirement for a non-resident or transitional resident to disclose interests held in foreign …

IRD News: International tax bill enacted

Posted ago by Editor

Legislation introduced in the Taxation (International Investment and Remedial Matters) Bill received Royal assent on 7 May. The resulting Act is available on New Zealand Legislation website. A special report on the new reforms expected to be  published by IRD in …

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 …

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 …