Misunderstanding about when tax credits for donations can be claimed is rife, EY partner Darren White says. With special audio feature.
OPINION: Inland Revenue is transforming the tax system to make it easier for New Zealanders to pay taxes and receive entitlements.
The Treasury expects the Crown's operating balance before gains and losses (obegal) will slip back into deficit in the 2016 financial year.
However, the 2016 Budget Policy Statement shows the government still intends to make $2.5 billion available in its 2017 election budget.