Inland Revenue's Business Transformation Seminar



Implementing of changes to employer and investment income

Inland Revenue is working through a multi-stage programme to modernise our country’s tax system by 2021, with more changes set to come in from April 2020.

Inland Revenue will cover these upcoming changes as well as be on hand to address the recent tax measures announced in the Governments Economic Response Package.

At this free seminar, hosted by The Chamber and Inland Revenue, you will find out more about these upcoming changes and what they will mean for you and your business.

Changes include:

  • Electronic investment income information reporting, which is currently voluntary, becoming mandatory.
  • KiwiSaver, PAYE and student loans becoming easier to manage.
  • KiwiSaver, Student Loans and PAYE financial information moving into Inland Revenue’s new system, giving a more integrated, real-time view of what’s been paid when.
  • PAYE processing will be held in a single employer account. The backend processing will be moved into Inland Revenue’s new system, meaning transactions and payments will show up a lot sooner.
  • A few improvements to Working for Families, Student loans and KiwiSaver, mainly to help reduce large over and underpayments.
  • A new R&D Tax Incentive.
  • A new short process ruling, binding rulings process and a consolidated approach to notifications.


Following the seminar you will have a better understanding of how these streamlined processes, policies and upgrades of Inland Revenue’s online services will make it easier for you to pay your tax and receive your entitlements.

You will also find out about other planned future changes, what they mean for you and how you should get ready.

This event is FREE to attend, however registration is essential.



Brought to you in collaboration with: 



When
19/03/2020 10:00 AM - 11:30 AM
Where
The Chamber 57 Kilmore Street CHRISTCHURCH 8013 NEW ZEALAND
 

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