Check here regularly for all the latest tax information and news
December 20, 2018
The team at Kiwitax would like to wish you a very Merry Christmas & Happy New Year. We’re closing for holidays soon – finishing up for the year around lunchtime Tomorrow, 21 December and re-opening Wednesday, 09 January, 2019. Thanks again for another wonderful year! We hope you’re able to take a break over the holiday season with friends and family otherwise may you have an amazing …
Read moreAugust 21, 2018
Inland Revenue have announced the new method for claiming mileage. The new method uses a 2-tier system and requires knowing how many total kilometres the vehicle has travelled in a year. So it’s super important now for you to record the odometer reading as at 31 March each year or if you buy or sell a vehicle used for business. The new rate of 76 cents per …
Read moreJune 26, 2018
If you’re a self-employed contractor (for example) who has withholding tax deducted from your income then you are required by Inland Revenue to file an income tax return. We’ve recently come across a few people who believe since their tax is already being deducted similar to PAYE, then the don’t need to file a return – this is incorrect! In fact when all your …
Read moreUsing AirBnB and similar platforms to rent a spare room, sleep out or holiday home has become increasingly popular and it’s important to understand the Income Tax and possible GST consequences that can arise from this type of activity. Any money you receive from renting your room or home will be income on which you will need to pay income tax. Of course you …
Read moreBeing self-employed you can make voluntary contributions to your Kiwisaver at any time, either directly to your Kiwisaver provider or through Inland Revenue. If you’ve contributed less than $1042.86 since 01 July 2017, now is the time to pay a top-up to ensure you receive the full member tax credit from the government. You have until 30 June to top-up your account to qualify for the …
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