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Inland Revenue started out as the Land Tax Department in 1878. The department was renamed the Land and Income Tax Department in 1892 with the central office set up in Wellington. Only in 1952, when the organisation joined with the Stamp Duties Department, was the organisation known as the Inland Revenue Department.
Goods and services tax (GST) is an indirect tax introduced in New Zealand in 1986. This represented a major change in New Zealand taxation policy as until this point almost all revenue had been raised via direct taxes. GST makes up 24% of the New Zealand Government's core revenue as of 2013. [37]
PAYE is deducted by employers from employees' salary or wages in New Zealand, and paid to the Inland Revenue Department (IRD) on their behalf. It includes income tax and ACC earners' levy. PAYE is calculated by employers based on tax codes provided by the employee and tables provided by the IRD.
Due to a change in income tax rates from 1 October 2010 (mid tax year), the FBT rates for 2011 are blended for the year. Single rate option – 61% for Q1-Q2, 49.25% for Q3-Q4 [ 3 ] Alternate rate option – 49% or 61% for Q1-Q2, 43% or 49% for Q3, Alternate rate calculation in Q4 [ 3 ]
In 2004, the New Zealand Labour government introduced the Working for Families package as part of the 2004 budget. The package, which effectively commenced operating on 1 April 2005, had three primary aims: to make work pay; to ensure income adequacy; and to support people "into work". The main component resembles the United Kingdom Working Tax ...
State Hydro Department, became New Zealand Electricity Department, then NZE, then ECNZ; Productivity Commission (Te Kōmihana Whai Hua o Aotearoa) New Zealand Railways Department (corporatised in 1981 as a state-owned enterprise, the New Zealand Railways Corporation, including the infrastructure, which is now trading as KiwiRail)
Pages in category "Government agencies of New Zealand" The following 52 pages are in this category, out of 52 total. ... Inland Revenue Department (New Zealand) M.
Goods and Services Tax (GST; Māori: Tāke hokohoko) is a value-added tax or consumption tax for goods and services consumed in New Zealand. GST in New Zealand is designed to be a broad-based system with few exemptions, such as for rents collected on residential rental properties, donations, precious metals and financial services. [1] It ...