How do you treat the rebate for GST purposes, offered by a bank, which has been designated as “to help with legal fees”?
It is actually a financial transaction and GST should not be paid on this income.
If you're self-employed you can use the Inland Revenue mileage rate to calculate the cost of using your motor vehicle for business purposes. Last...
All vendors and purchasers of property other than their main home must now provide an IRD number as part of the land transfer process
Client A bought a piece of land from a non GST registered vendor to use in a taxable activity.
When you claim a donations rebate and all your income is taxed at source, IRD will issue a Personal Tax Summary (PTS) to trigger the rebate.
From 1 April 2017, there are to be major changes/improvements to the LTC regime including:
In 1999 when it was decided to switch ACC from a PAYE scheme to a fully funded scheme, the Government created the “residual levy”, which was to run...