Module Application
Does your organisation have an adequate knowledge of its tax obligations?
Is your organisation equipped to comply with its tax-related record-keeping obligations?
Is your organisation aware of its tax-related reporting obligations?
Module Scope
Taxes are a considerably important aspect of undertaking a business activity. Part and parcel of any compliance framework for an organisation, are tax obligations. The NZ TAX module draws together the key legislation that comes into play when your organisation undertakes activities which give rise to tax obligations.
In particular, this module assists organisations to understand and comply with their tax obligations. The module encompasses a range of legislative resources including:
- Accident Compensation Act 2001 (NZ)
- Companies Act 1993 (NZ)
- Customs and Excise Act 2018 (NZ)
- Customs and Excise Regulations 1996 (NZ)
- Gambling Duties Act 1971 (NZ)
- Gambling Act 2003 (NZ)
- Gambling (Problem Gambling Levy) Regulations 2019 (NZ)
- Goods and Services Tax Act 1985 (NZ)
- Income Tax Act 2007 (NZ)
- Income Tax (Fringe Benefit Tax, Interest on Loans) Regulations 1995 (NZ)
- Land Transfer Act 2017 (NZ)
- Land Transfer (Land Information and Offshore Persons Information) Exemption Regulations 2015 (NZ)
- Local Government (Rating) Act 2002
- New Zealand Business Number Act 2016 (NZ)
- New Zealand Public Health and Disability (Health Promotion Agency Levy) Order 2021
- Rating Valuations Act 1998 (NZ)
- Tariff Act 1988 (NZ)
- Tariff (Fees) Regulations 1998
- Taxation Administration Act 1994 (NZ)
- Tax Administration (Correction of Errors in Employment Income Information) Regulations 2019 (NZ)
- Tax Administration (Financial Statements) Order 2014
- Taxation Review Authorities Act 1994 (NZ)
- Taxation Review Authorities Regulations 1998 (NZ)
- Working Tariff Document of New Zealand
The specific questions and answers covered by the module are:
- What are the tax obligations that arise by reason of the activities undertaken by the organisation?
- What processes and procedures should the organisation have in place to bring it into compliance with its tax obligations?
- What are the legal consequences if tax obligations are breached?
The specific obligations covered by the module relate to:
- Calculation and payment of applicable taxes
- Record-keeping obligations
- Notification obligations
- Reporting obligations
- Compliance with enforcement and investigation powers that may be exercised by relevant authorities
The issue-specific areas covered by the module include:
- Income tax
- Employment-related tax
- Fringe benefit tax
- Goods and services tax
- Land and property tax
- Gaming duties and levies
- Importation tariffs and excise duties
- International tax
Organisations and their employees are all expected to be familiar with the broad landscape of legal obligations to which they are subject. The aim of this module is to equip the subscriber with knowledge of their tax obligations and the processes and procedures necessary to establish the relevant systems and operations to ensure compliance with all applicable rules, regulations and mandatory procedures.
Significant consequences can apply to organisations and their employees who are found to have breached or not complied with their tax obligations. These consequences vary considerably depending on the nature and extent of the breach or failure. The NZ TAX module covers the specific consequences in detail which can include significant monetary penalties, disciplinary measures and even terms of imprisonment.
The NZ TAX module covers the roles and responsibilities of organisations. The module does not cover the role or actions to be taken by consumers in the event of a breach of regulations or obligations by an organisation.