Category Taxation in New Zealand

Double Alcohol New Zealand Tax, Say Academics

August 16, 2018 Taxation in New Zealand

Alcohol taxes in New ZealandWELLINGTON – Heavy drinkers and alcoholics need to pay more tax to cover the costs they cause New Zealand.

On August 15th the capital of New Zealand, Wellington, played host to a conference organized by Alcohol Action and the Massey University’s Shore and Whariki Research Centre, where several academics and experts called for an increase to the rate of alcohol taxes in the country.

It was claimed that alcohol harm costs the country as much as NZD 7.85 billion each year, in the form of factors such as unemployment, labour losses, costs to the health system, car crashes, accidents, and other health problems associated with alcohol consumption.

In New Zealand approximately 20 per cent of drinkers are classed as light drinkers, and 60 per cent are classified as moderate drinkers, with the re...

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NZ Government Wants Tobacco Tax, Not Vapes

August 13, 2018 Taxation in New Zealand

Taxes on vapes in NZWELLINGTON – Despite being healthier than smoking, tobacco products are being labelled as being just as dangerous in New Zealand, all for the sake of tax revenues.

On August 10th the New Zealand Taxpayers’ Union (TPU), a tax advocacy group, issued a press release claiming that the government of New Zealand is choosing to pursue tax revenues instead of helping smokers kick the habit.

The TPU claims that regulations will require tobacco-alternatives to be packaged in a manner which would deer smokers from using the healthier alternatives.

Tobacco alternatives sold in New Zealand will soon be required to be labelled with the same anti-smoking labels as regular cigarettes, and the requirement extends to non-combustion products such as e-cigarettes, heated tobacco and snus.

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Self-Employed Kiwis Hide a Fifth of Their Income

August 7, 2018 Taxation in New Zealand

Tax compliance in New ZealandWELLINGTON – Self-employed New Zealanders are hiding 20 per cent of their income, and the modern “gig economy” is not making the situation better.

Self-employed taxpayers in New Zealand are underreporting their incomes by an average of 20 per cent in order to reduce their tax payments, according to the results of new research made public by the government appointed Tax Working Group.

The research looked only at individuals who are self-employed and not working through a corporate structure such as a company or trust.

Typically in New Zealand, such taxpayers are sole traders or working as part of a partnership.

These taxpayers represent approximately 55 per cent of the self-employed income generated in New Zealand, with the remainder being represented by those who are working through thei...

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NZ IRD to Automatically Give Out Refunds

August 3, 2018 Taxation in New Zealand

New Zealand IRDWELLINGTON – Waged staff in New Zealand will now automatically get tax refunds, without filling out any forms.

On August 3rd the Inland Revenue Department of New Zealand announced that it expects to automatically issue 750 000 tax refunds to individuals next year.

Currently, salary and wage earners in New Zealand see their personal income tax automatically deducted from their earnings, which means that they do not typically have to file annual tax returns.

However, workers whose job changed or whose payments were not always the same could voluntarily complete a Personal Tax Summary which may indicate that they are owed a tax refund.

While this process is aimed at being easy, there is an existing industry which will complete the procedure on behalf of taxpayers.

If the Inland Revenue De...

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Tobacco Taxes Killing NZ Shop Owners

July 24, 2018 Taxation in New Zealand

tobacco taxes in New ZealandWELLINGTON – Cigarettes and tobacco kill smokers, but cigarette taxes have led to the deaths of shopowners.

In a press conference on July 23rd, the acting Prime Minister of New Zealand Winston Peters claimed that the rate of taxation applied to the sale of tobacco and cigarettes is leading to the murder and assault of shop owners in New Zealand.

The government of New Zealand has a long-standing policy of annual increase to the rate of tax applied to cigarettes.

The hikes are intended to drive down the rate of smoking in the country, with the ultimate goal of seeing a “smoke-free” New Zealand by the year 2025.

Over the course of 2018, the number of violent robberies and assaults on small businesses appeared to have escalated, and many commentators suggested that the cause of the esca...

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