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Tax conference outlines IRD thinking 05 Aug 2014

On 12 and 13 June 2014 a conference in Wellington discussed tax administration for the 21st century.

You may be interested in the direction IRD may be taking us.

Issues discussed included:

  • More collection of tax at source – withholding payments.
  • More electronic filing.
  • More emphasis on collecting data rather than on getting tax returns.
  • Spread terminal tax over next year’s provisional payments.

Knowing these possible changes, might help you when planning your business systems.

 

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