Taxing matters provides a summary of topical tax and business information relating to individuals and business.
The IRD maintains and publishes a number of industry performance benchmarks including for accommodation and food services, construction and retail amongst others. The industry benchmarks can be found at http://www.ird.govt.nz/industry-benchmarks/bm-find-your-benchmark/
2012 Tax Return Deadline
A reminder that if you file your own tax returns that the 2012 tax returns were due to be filed with the IRD by 7 July 2012. The IRD may apply interest and penalties for late filing. If you use a tax agent such as an accountant to prepare your tax returns you have until 31 March 2013 to file your 2012 return.
Individuals who are over 65 and joined KiwiSaver at inception are now entitled to withdraw their money. There is no tax to pay when funds are withdrawn from KiwiSaver accounts.
The charities commission ceased to exist from 2 July 2012, its core functions have been taken over by the Department of Internal Affairs. Decisions about registering and de-registering charities are now made by the Charities Registration Board.