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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]
A number of different identifiers are used instead for specific purposes in New Zealand: An Inland Revenue Department (IRD) number is issued by the IRD to every taxpayer (a natural or juristic person), and is needed with dealings with the IRD.
The approach of Inland Revenue has been implicated in a number of suicides and other acts of self-harm. [10] [11] [12] The number of people threatening self-harm in phone calls to Inland Revenue has trended down consistently over the last three years. Between January and August 2019, 168 people contacted Inland Revenue threatening self-harm.
Public sector organisations in New Zealand comprise the state sector organisations plus those of local government. Within the state sector lies the state services , and within this lies the core public service.
A certificate is issued at the beginning of each tax year based on the employee's personal circumstances. At the end of each tax year, the employer must give the employee a certificate of Pay, Tax and PRSI deducted during the year, Form P60. A Form P45 is a certificate given by an employer to an employee on cessation of employment.
Rabobank New Zealand: 03: 0001–1999 China Construction Bank New Zealand: 05 8884-8889 National Bank of New Zealand [a] now ANZ: 06: 0001–1499 National Australia Bank: 08: 0000–9999 Industrial and Commercial Bank of China: 10 5165—5169 PostBank [a] 11: 5000–8999 ASB: 12: 3000–3999 Trust Bank Southland [a] 13: 4900–4999 Trust Bank ...
The tug of war between BlackRock and FDIC is the latest example of rising D.C. scrutiny of BlackRock, which oversees $11 trillion in assets. For years, the financial giant has been a target of GOP ...
In New Zealand, income tax is deducted by the employer under the PAYE (Pay As You Earn) tax system. This information is collected and held by the Inland Revenue Department (New Zealand) (IRD) and is not automatically processed. However individual earners can request a summary of earnings to see if they have overpaid or underpaid their tax for ...