Resident withholding income and tax

Resident withholding income and tax

Resident withholding income includes interest and dividends. Generally, resident withholding tax (RWT) must be paid on it. If you’re a New Zealand tax resident earning income from interest and dividends from New Zealand bank accounts and investments, you will be...
Provisional tax – for business owners

Provisional tax – for business owners

As a new business owner, it’s important you understand the provisional tax system as it affects your business. In your first year of business, you can receive a significant tax deferral. Your first year’s tax bill is, in some cases, not payable until 7...
GST apportionment and adjustment

GST apportionment and adjustment

GST apportionment has been around for a long time, but it has changed over the years. You can claim input tax deductions on purchases of goods and services you use to make taxable supplies. Where assets are used both to make taxable supplies and for private use, you...