Inland Revenue has introduced changes to help New Zealanders better manage their GST online.
The changes to GST are the first of many changes over the next few years to make tax simpler. Here are some of the following changes:
GST payments and returns
– Pay your GST when you file your return without having to log out of myIR.
– Make GST payments by direct debit, or by using your Visa or MasterCard credit or debit card.
– Set up email and text message reminders when your GST return and payment is due or late, to avoid penalties.
– Arrange GST payment instalment plans online and in most cases receive immediate confirmation and approval.
– Request an amendment to an already filed GST return.
GST refunds
– All GST refunds will now be paid directly into your bank account. You can update your business bank account details at any time in myIR.
– You can see the status of your GST refund online anytime.
GST statements
– The new look GST statement is clearer and easier to understand. The statement will include a summary of your filing periods (s) and a summary of transactions for each period.