Important Announcement for All NZ Salary and Wage Earners
IRD and the government are in the process of passing a law that will allow them to issue tax bills for all New Zealand Salary and Wage earners. This will come into effect from April the 1st 2019.
That’s the not worst part of the news…………………The first “Red flag” for you is that the tax year starting the 1st April 2018 - 31st March 2019 (current tax year) will be the first year they can action a tax bill for. Which means, all that has happened over the last three months as well as going forward to March next year will affect the outcome and come this time next year there is potential that you may be issued with a tax bill.
Don't get caught out with a tax bill when you can least afford it.
You may be in line for a Tax Bill. Here is how to avoid an unneeded Tax Bill.