On the 17th April IR implemented changes by moving other tax types and products to the new system from April 2018 onwards. Legislation has recently been passed that includes changes to:
- Withholding taxes, Fringe Benefit Tax and Gaming Machine Duty
- Automatic Exchange of Information – an OECD initiative to reduce and deter offshore tax evasion.
- PAYE & Payday filing – voluntary from April 2018, mandatory from April 2019
Of particular importance is the change to PAYE & Payday filing which will affect all employers filing employee information to Inland Revenue. This communication to enable understanding of this change is important due to the requirement being mandatory in April 2019.Download Now