Article Details
Id:17977
Product:finPOWER Connect
Type:NEW
Version:3.04.00
Opened:26/03/2021
Closed:26/03/2021
Released:30/06/2021
Job: J026228

New Company Wizard; update default Tax Categories for New Zealand

The New Company Wizard has been updated for new Tax Categories for New Zealand effective 1 April 2021.

The Tax Categories now include:

  • R10.5, Resident 10.5%
    • 10.50%, undeclared 45%
  • R17.5, Resident
    • 17.50%, undeclared 45%
  • R30, Resident 30%
    • 30%, undeclared 45%
  • R33, Resident 33%
    • 33%, undeclared 45%
  • R39, Resident 39%
    • 39%, undeclared 45%
  • RC28, Resident Company (Default)
    • 28%, undeclared 45%
  • RC33, Resident Company
    • 33%, undeclared 45%

NOTE: Existing databases will need to be manually updated.