Sublime anz

Contractors are not classed as an employee. They will bring their own tools and equipment to work. A contractor gets to decide how to do the job by the deadline. So a contractor could work from wherever if possible and whatever hours might suit them best. 1 A casual employee shows up when needed. They may not have to accept any offer of work. 1 They are still entitled to paid leave.  A pay-as-you-go basis at the minimum rate of 8% of their gross earnings can be made if the work is irregular that's its impractical to provide them four weeks' annual holidays. 2 The employee must agree to this in their employment agreement and the 8% gross earnings must be shown as an identifiable component of the employee pay. 3 1. https://www.business.govt.nz/hiring-and-managing/deciding-to-hire/hiring-the-right-staff-types/ 2. https://www.business.govt.nz/hiring-and-managing/handling-holidays-and-leave/paying-your-employees-for-leave/ 3. https://www.employment.govt.nz/leave-and-holidays/annua...

The withholding tax rate notification for contractors 1 , Schedular payment tax rates(Pg 3), Activity number 19 is Payment by a labor-hire business to any person(eg individual, partnership, trust or company) performing work or service directly for a client  o f the labour hire business or a client of another person, under a labour hire arrangement.   The standard rate prescribed is 20 percent. 1.  https://www.ird.govt.nz/-/media/project/ir/home/documents/forms-and-guides/ir300---ir399/ir330c/ir330c-2019.pdf

Taxation (Business Tax, Exchange of Information, and Remedial Matters) Bill makes amendments to the Income Tax Act 2007, The Tax Administration Act 1994, and The Student Loan Scheme Act 2011. 1 2 The other business tax part includes Extending withholding to labor-hire firm contractors. 3 Withholding is when in some situations where someone earns interest, contract work, or other sources that are not salary or wages, the payer must withhold tax from that income and pay it to IRD on the person's behalf. 4 1. https://bills.parliament.nz/v/6/9d6fe9f0-83e2-43af-bec2-cbd63c5aebe5 2. https://www.taxpolicy.ird.govt.nz/publications/2016/2016-commentary-bteirm/other-business-tax 3. https://www.taxpolicy.ird.govt.nz/publications/2016/2016-commentary-bteirm/other-business-tax/extending-withholding-labour-hire-firm-contractors 4. https://www.ird.govt.nz/income-tax/withholding-taxes

Businesses that supply overseas remote services to New Zealand (eg. Zoom) need to collect GST only if they supply to resident consumers directly 1 . Business to Business supply can therefore not include the GST component. 1. https://www.ird.govt.nz/gst/gst-for-overseas-businesses/supplying-remote-services-into-new-zealand

As per, IS 14/04 1 Income tax - Deductibility of company administration costs , Statutory return fees are tax-deductible. 1. https://www.taxtechnical.ird.govt.nz/en/interpretation-statements/is-1404-income-tax-deductibility-of-company-administration-costs

 Question 21 in IR4 1 company returns is about Business or other rental income, which also needs an IR10 2 , which is a statistics form which can be filled up with trial balance data. 1. https://www.ird.govt.nz/-/media/project/ir/home/documents/forms-and-guides/ir1---ir99/ir10/ir10-2014-2015.pdf 2. https://www.ird.govt.nz/-/media/project/ir/home/documents/forms-and-guides/ir1---ir99/ir4/ir4-2022.pdf