Kiwi firm helps run sales taxes

TOM PULLAR-STRECKER
Last updated 05:00 03/02/2014

Relevant offers

Industries

Chinese company Binxi withdraws takeover offer for Southland's Blue Sky Meats Queenstown plans for new Holiday Inn Express unveiled Xero finds machine-learning from the cloud will be trickier than expected Xero passes million-customer milestone Another New Zealand Post and Kiwibank closes its doors Chart of the day: How many Kiwis are jetting overseas from Auckland Airport? Kiwis for kiwi reap sweet rewards from Whittaker's partnership Focus, not politics, the order of the day in Silicon Valley The 12 jobs most at risk of being replaced by robots Media Take: Tackling feminism and rape culture

Wellington software firm Data Torque is enjoying a growth spurt bringing sales taxes to the developing world.

The 30-person software firm, which has developed tax collection systems for dozens of countries around the world, has inked a deal which will allow the government of the Bahamas to introduce a New Zealand-style GST.

It has also completed the first stage of a tax system that will allow Kiribati to introduce its first value-added sales tax on April 1.

Data Torque has opened its first permanent overseas office, in the Seychelles, to expand its activities in Africa.

Spokesman Daniel Wallis says the International Monetary Fund is insisting more developing countries introduce a sales tax as a condition of receiving ongoing aid.

The goal is to make those countries' fiscal systems more sustainable.

Ad Feedback

- Fairfax Media

Special offers

Featured Promotions

Sponsored Content