1 October business checklist
Employ staff or provide fringe benefits?
On 1 October personal income tax rates are changing.
Use this checklist to make sure you're ready for the change.
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I use a payroll software package. | |
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My payroll software has been updated with the new PAYE rates. | |
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I make KiwiSaver or other superannuation contributions for employees. More ›› Employer superannuation contribution tax rates are also changing from 1 October. |
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I have viewed the new rates on Inland Revenue's website. | |
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I provide fringe benefits. More ›› Fringe benefit tax rates are also changing from 1 October. |
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I have viewed the new rates on Inland Revenue's website. | |
Download the 1 October business checklist ›
PDF | 586kb | 2 pages
Registered for GST?
On 1 October GST will increase to 15%.
Use this checklist to make sure you're ready for the change.
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I have updated my accounting software, and my accounting staff know what to do. |
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I'm ready to issue tax invoices with the new GST rate of 15% from 1 October. More ›› |
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My accounts payable system can process tax invoices at both the 12.5% and 15% rates. More ›› You may receive invoices at both the old and new rate of GST for some time after 1 October. |
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I can issue credit and debit notes at both the new and old rates. More ›› The GST rate on credit and debit notes needs to reflect the original invoice. |
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I'm no longer in business, but I'm still registered for GST. More ›› If you de-register for GST before 1 October, you'll pay 12.5% GST on assets you have sold or kept that were used in your business. If you de-register on or after 1 October, you'll be required to pay 15% GST. |
Download the 1 October business checklist ›
PDF | 586kb | 2 pages
Date published: 29 Sep 2010
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