Coronavirus – IRD Tax Payments Inland Revenue have issued advice on tax payments during the Coronavirus pandemic. With New Zealanders locked down in their homes, and many businesses at a standstill, the department acknowledges that making timely tax payments will be a challenge. Some businesses will be financially distressed at this time. We know from …
GST and AirBNB Some homeowners are being impacted by GST and AirBNB. We have put together a blog covering some of these issues to ensure that people think carefully before becoming an AirBNB host. AirBNB is proving to be a very popular way of generating some spare cash for homeowners with spare bedrooms. The online …
Credit Card Surcharges & GST Inland Revenue have been asked about their position on credit card surcharges & GST. To be clear, these surcharges should not be confused with the credit card charges levied by the banks on their customers. Bank fees & interest don’t attract GST as they are a financial service. They are characterised …
GST on Exports to Australia Big changes are coming for New Zealand firms who export low value goods to Australia. From July 2018, New Zealand firms exporting to Australia will be required to charge 10% GST if their sales to consumers exceed AU$75,000 in any twelve month period. At present, goods under AU$1,000 do not …
