PAYE for NZ businesses proposed in biggest tax shake-up since 1957

Mon, 30 Mar 2015

By Pattrick Smellie March 31 (BusinessDesk) - The government is floating the idea of businesses paying their tax on a pay-as-you-go (PAYE) basis, like individual taxpayers, in the biggest proposed shake-up of one of the building blocks of the income tax system since its introduction in 1957. Revenue Minister Todd McClay announced the proposal to introduce a form of "business PAYE" among a raft of other possible reforms contained in green paper seeking public submissions by May 29 ahead of a rolling maul of public consultation documents he...

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