Storing taxpayer electronic records offshore – Xero Limited Approved

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.

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