GST and PAYE rate changes 27 Oct 2010

With the GST set to increase by 15% and the PAYE rates to decrease by the 1st October, businesses and organisation are planning for the change.

The changes to the GST and the PAYE rates will mean changes need to be made to accounting and payroll systems, software and receipts. The ird also recommends that considerations be taken as to how these changes could affect a business’ suppliers, customers or clients.

Additionally the ird has made information such as a ‘business checklist’ available via their website, to smoothly accommodate the planned changes.

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