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Do you think the Government should remove the requirement for payers to provide end-of-year tax certificates to customers that have provided their IRD numbers?

Do you think the Government should remove the requirement for payers to provide end-of-year tax certificates to customers that have provided their IRD numbers?

Comments

Jason Hoseason
No, the requirement for an annual certificate should remain as this is an important verification of the income and tax deducted during the year . Taxpayers will be able to check the certificate information against that held in Inland Revenue's system.

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  • agree6
  • disagree7
1 month ago
Rob
Taxpayers need to be able to verify that the information Inland Revenue has allocated to them is actually correct so it seems fundamental that there should still be a requirement for the payer of investment income to have to provide a year-end summary of income. This information could be provided electronically through online banking rather than physically posted out to save some costs

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  • agree5
  • disagree5
1 month ago
Samantha
My query would be: how would the allocation of interest received and tax paid be determined? My husband and I jointly own some term deposits and sometimes they are held separately so that we require the end of year certificate to figure out what to include on the separate tax returns. As it is now, there are two IRD numbers on the joint term deposits but who is to say that they are held as 50/50 ownership in an automatic system. Keep the certificates so we can return the income correctly.

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  • agree3
  • disagree4
1 month ago
Richard
End of tax year certificates should still be provided as people with look through companies and joint account holders need to allocate income and also often receive a tax refund. They need to be able to check IRD figures.

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  • agree0
  • disagree0
3 weeks ago
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