The hated provisional tax system could be scrapped or simplified and there may no need for any employees to file tax returns under far-reaching moves to reform the tax system.
Year: 2013
KiwiSaver default funds to stay conservative
The government has settled on keeping the existing investment mandate for default KiwiSaver providers to manage funds conservatively, fending off attempts to implement a tiered approach based on members’ age.
Court backs KiwiSaver ruling
A landmark ruling effectively raising the minimum wage has scaled its latest hurdle. The Court of Appeal chose yesterday to uphold last year’s decision by the Employment Court that employers
PAYE system for overhaul
The Inland Revenue Department’s $21 billion-a-year PAYE system will be the first part of New Zealand’s tax system to be overhauled, says Revenue Minister Todd McClay. McClay, who took over