this post was submitted on 01 Jul 2024
33 points (100.0% liked)
Aotearoa / New Zealand
1618 readers
87 users here now
Kia ora and welcome to !newzealand, a place to share and discuss anything about Aotearoa in general
- For politics , please use [email protected]
- Shitposts, circlejerks, memes, and non-NZ topics belong in [email protected]
- If you need help using Lemmy.nz, go to [email protected]
- NZ regional and special interest communities
Rules:
FAQ ~ NZ Community List ~ Join Matrix chatroom
Banner image by Bernard Spragg
Got an idea for next month's banner?
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
It is strange, there are some operations that have 2 cash registers even. You get awaybwith it until you dont, and if you get caught its a heavy, heavy fine, penalties and interest.
Our accountant actually told us our first year we were reporting too much... but we have to play it as close to legit as possible because we are the ones who are still guests in this country.
Yeah here people get caught because most people are legit and the tax department knows what is a normal amount of cash for specific types of businesses. They can access electronic records, and see the final amount declared, so if it's too different you get audited. Normally it's not enough cash declared, but too much cash might look like money laundering 😆