With the rapid rise in the use of digital platforms to connect buyers and sellers, tax administrations around the world are realising that meeting tax obligations under current tax settings is a real challenge for those involved in the gig and sharing economy.

Inland Revenue has new timeframes around its latest assistance for businesses feeling the impacts of COVID-19.

Recent changes to the structure of government COVID support for businesses mean the dates on which applications open will now be aligned. Applications for both the next round of the wage subsidy and the next round of the resurgence support payment will be opening this Friday (12 November 2021).

More than six months after the government announced interest deductibility limitations for residential properties and a mere three days before these rules would come into force for residential rental properties owned prior to 27 March 2021, the government has released the new legislation in the form of a Supplementary Order…

The Minister of Revenue recently introduced the Taxation (Annual Rates for 2021-22, GST and Remedial Matters) Bill (the Bill) to Parliament.   We discuss the key changes here.

With Auckland set to have another week at Level 4, and potentially several weeks at Level 3, the support available for business throughout the country continues to evolve.   We provide the latest on what support is available, the criteria and when it will be available.

The Minister of Finance has announced another round of the Resurgence Support Payment.

The Inland Revenue Department is reassuring customers they won't be penalised for late payments and asking that people do not try to contact them via phone, instead to use MyIR.  

As we progress up and down Alert Levels, businesses need to review their business continuity plans, and take a flexible mindset to operations.