At a time when you can use your cell phone to order a movie or buy a plane ticket the Government thinks that Inland Revenue can do much more to make your tax simpler.
Published: Rāpare, 07 Haratua, 2015 | Thursday, 7 May 2015
Over the next couple of years, the Government will consult on ideas to understand your views before settling on what to do. These changes could affect all New Zealand businesses and individuals.
To start the process, Ministers of Revenue and Finance have put forward some ideas on how tax could work in the future. Right now they are asking for your feedback on the general direction to know whether they have got it right or not.
What could this mean for you?
One of the Government’s ideas is for businesses to use accounting software to send and receive information directly from Inland Revenue, so that more accurate PAYE, GST and related information could be provided to Inland Revenue automatically – with less time needed to fill out forms
Provisional tax could be managed more like PAYE and calculated as you earn your income.
For individuals Inland Revenue could connect up with banks so your interest, as well as your income, can be prepopulated. You would just need to review and edit.
Would these changes work for you?
Join the discussion
Go to making tax simpler for nz for more ideas, see what others are saying and give your views.
Discussion on Better digital services closes on 15 May 2015.
Discussion on Making tax simpler, a Government Green Paper closes on 29 May 2015.