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:
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.
Here in Palmerston North your Virtual Bookkeeper experienced what it is like to move beyond transactions and reports to include files and documents as part of the full financial data picture. What a brilliant enhancement Xero.
What is GST?
Goods and Services Tax (GST) is a tax based on the consumption of goods and services and is built into the amounts charged for these items. At present, the amount of this tax is 15.0%. People who are registered for GST must charge and collect this tax on behalf of the Government and pay it to the Inland Revenue Department.
