Media release
17 July 2015
Tax suggestion constructive
BusinessNZ says Labour’s proposal for provisional tax is a constructive step.
The proposal for doubling the provisional tax threshold and allowing the option of self-determined instalment payments
could help small business better manage their provisional tax obligations, BusinessNZ Chief Executive Phil O’Reilly
said.
“A flexible pay as you earn option would help prevent cashflow problems currently faced by small business when their
provisional tax estimates differ from actual income. A higher provisional tax threshold would also be helpful.
“Business welcomes the attention to improving tax compliance issues.”
ends