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NZ Firms Say Tax Compliance Getting Easier

by Mary Swire, Tax-News.com, Hong Kong

21 October 2015


Businesses in New Zealand have said that it became "23 percent" easier to deal with the Inland Revenue Department last year.

Welcoming the findings of the latest business reference group survey, New Zealand's Revenue Minister, Todd McClay, said: "This is no coincidence. Our Business Transformation [initiative] will completely change how people will interact with the revenue system in the future and the innovative changes that have already been made are making a difference in the lives of business owners and individual taxpayers."

"More people are doing a lot more online. In the past year 67 percent of returns and almost 83 percent of payments were done online," he said.

The Minister said that businesses had cited online goods and services tax (GST) filing and the ease of contacting Inland Revenue as two of the major reasons for tax compliance becoming easier. "By the end of June this year, 1.5m people had speedier phone access to Inland Revenue by signing up to Voice ID," McClay said.

"All of these innovations help make paying tax simpler. As proof of that, the number of outstanding tax returns last year was down 21.5 percent of the previous year. That is 234,000 fewer returns outstanding in 2015 than were outstanding in the 2014 year," McClay said. "As we move closer to the completion of Business Transformation, which achieved all of its milestones this year and is still under budget, customers will see continuing improvements to the way they interact with the revenue system."

TAGS: compliance | tax | business | tax compliance | budget | goods and services tax (GST) | New Zealand | services

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