by admin | Oct 9, 2016 | Taxfacts
Pay As You Earn (PAYE) is the basic tax taken out of your employees’ salary or wages. The amount of PAYE you deduct depends on each employee’s tax code. PAYE employees must complete a Tax code declaration (IR 330) as soon as they start working for you. If...
by admin | Oct 9, 2016 | Taxfacts
All New Zealand residents and people entitled to live here permanently up to the age of 65 are eligible for KiwiSaver. All new eligible employees must be automatically enrolled in KiwiSaver. However there are some employees who are exempt from automatic enrolment. ...
by admin | Oct 9, 2016 | Taxfacts
Sale of Physical Goods via the Internet If a GST-registered person sells goods via the internet and the goods are physically supplied to a customer in New Zealand, GST is chargeable at 15%. If goods are sold via the internet and physically supplied to customers...
by admin | Oct 9, 2016 | Taxfacts
GST is a tax on the supply of goods and services in New Zealand by a registered person on any taxable activity they carry out. The rate for GST is 15% although it can be zero-rated for exports. Certain supplies of goods and services are ‘exempt supplies’...
by admin | Oct 9, 2016 | Taxfacts
A gift is something given when: Nothing is received in return; or Something is received in return, but its value is less than the value of the property given. If something of lesser value is given in return for a gift, the value of the gift is the difference between...
