Incorporated Societies membership subscriptions and taxation Membership subscription income is commonly treated as non‑taxable under the mutuality principle. However, Inland Revenue has released a draft interpretation statement (ED0265) which suggests that, in some cases, membership subscriptions may be taxable. This is not a law change, but a potential change in Inland Revenue’s interpretation of existing …

There are some important things that you may need to do before the start of the new financial year on 1 April: Kiwisaver changes. If you are an employer, you will probably need to make changes in your payroll system and also any salary automatic payments.  See below for further details Stock-take. If you have inventory or …