Square metre rate for home office calculations 2026
For the 2026 income year (1 April 2025 to 31 March 2026), the prescribed square metre rate for calculating home office expenses is $57.30.
Inland Revenue is introducing new ways to address tax debt
Inland Revenue has implemented two new methods to deal with overdue tax debt. The first is automated calls or voicemail messages to around 2,000 taxpayers who have outstanding debts over $100. The calls will take place between mid to late June from IR’s official number: 0800 951 758.
And some clients with older tax debts that have been outstanding for more than six months may be contacted by Baycorp, which has been engaged as a third‑party debt collection agency.
Upcoming changes to how taxpayer ruling applications are submitted
The change only affects how applications are submitted—there are no changes to the information required or the ruling process itself, though most paper forms will be retired while existing email channels remain for general communication.
Earlier this year, Inland Revenue released a consultation paper about the tax treatment of software expenditure. If your business continues to invest in SaaS and other cloud platforms, potential reforms aimed at simplifying the rules and reducing compliance costs could be on the way. Tax Partner, Sam O’Connor explains why the treatment of software is under review and the practical steps your business can take now to stay ahead of any changes that might be on the horizon.
A global minimum tax has been introduced, which ensures that large multinationals pay at least 15% tax in all the jurisdictions they operate. This will have the effect of “reducing the incentive for profit shifting and placing a floor under tax competition, bringing an end to the race to the bottom on corporate tax rates,” as the OECD explains.
For retirement villages, there’s one area of complexity where the correct treatment can really pay dividends, and that’s GST. However, it can get complicated for retirement village operators; it’s easy to get wrong and can be very expensive to fix.