Overseas companies selling goods online into New Zealand will soon be required to collect GST in the same way as domestic retailers.
Revenue Minister Stuart Nash has confirmed Parliament will extend tax relief for Canterbury businesses affected by issues relating to depreciation following the earthquakes.
Statement from the Commissioner of Inland Revenue Naomi Ferguson:
Problems with Inland Revenue’s GST processing system, we now believe are resolved, were tracked down to a network load rebalancer at IR’s telecommunications provider.
Revenue Minister Stuart Nash has signalled a law change to clarify GST rules around the sale of assets by non-profit bodies.
An anonymous tip-off has led to a Hamilton tradesman being sentenced to nine months’ home detention for not paying nearly $240,000 in tax.
The Government is to close a loophole that gives offshore companies an advantage by not requiring them to collect GST on all goods sold to local consumers.
Tax agents and business people around the country are snapping up opportunities to learn about improvements to Inland Revenue’s online services.
A South Auckland “tax agent” without any accounting qualifications has been sentenced to four years in prison for tax fraud and theft from his clients.
People still filing their GST on paper are being encouraged to join the thousands of others who have taken the task online.