KiwiSaver

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. ...

GST and E-Commerce

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...

Goods and Services Tax

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’...

Gifting

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...

Fringe Benefit Tax

Fringe Benefit Tax (FBT) is a tax on benefits that employees receive as a result of their employment, including those benefits provided through someone other than an employer. The four main groups of fringe benefits are: Motor vehicles (refer to the IRD website for...

Entertainment

Entertainment expenditure is limited to a 50% deduction if it falls within the following: Corporate Boxes Holiday Accommodation Pleasure Craft Food & Beverages consumed at any of the above or in other specific circumstances, for example: incidentally at any of the...