Half of businesses breach new tax rules, inspections find

Waikato firms owe more than $400m in unpaid tax

Waikato businesses owe Inland Revenue more than $400 million in unpaid tax, the department says. This figure included about $140m in PAYE (or schedular...

Half of businesses breach new tax rules, inspections find

Half of the businesses inspected by Tax Department officers in recent days were found to be in breach of new tax legislation introduced under the tax reform, according to information obtained by Phileleftheros. Officers found businesses that either failed to issue receipts or invoices to customers, or did not accept credit cards as a form of payment. Phileleftheros says the findings from these initial raids, carried out under the premises-sealin…