Inland Revenue advised on 21 October 2013 that the following organisations have been approved under s 22(8)(a) of the Tax Administration Act 1994 to store taxpayers’ electronic records outside of New Zealand:
- • CargoWise NZ Limited
- • MYOB NZ Limited, and
- • Xero Limited.
Taxpayers who store their business records with these approved organisations do not need to obtain approval under s 22(2BA) to store their business records outside of New Zealand.