Monday, June 24, 2013

Electronic intersection tax returns for all - New Zealand Herald

In automatic intersection of data submitted to the tax returns will proceed from this year the electronic systems of the Ministry of Finance-this means that many taxpayers might be summoned to the tax authorities in order to provide explanations for ‘suspicious’ elements.

According to Mega, only taxpayers electronically submit their statement, the system will automatically cross check:

Incomes declared
taxes withheld
The Profile of real estate and their vehicles are evidence
expenses claimed in order to achieve tax deduction
data from credit cards, loans and deposits.
If the system risk analysis identify suspicious items, the taxpayer will be asked to go through the IRS for … what further.

the microscope will spend even anyone with withholding tax, even though they have zero or even debit slips.

Until last year, the statutory audit covered only those who were returning over 1,500 euros.

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