Kiwi firm helps run sales taxes

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

Relevant offers

Industries

'Silly' to suggest Xero has endorsed Trump administration, says CEO Rod Drury Sharp fall in Wellington building consents in November, due to quake Creating a new destination for cruise ships in Bluff Privacy Commissioner 'names and shames' photo firm over privacy breach Former Saatchi chair Kevin Roberts speaks about the words that cost him his job Aussie company Volley cops a serve from Christian lobby for using sex to sell tennis shoes Wine lovers from 20 countries heading to capital to celebrate Kiwi pinot noir Pot for pooches? Medical cannabis being used to treat doggy anxiety Cambridge University wants a Lego professor of play Greens call for Simon Bridges to explain delays to UFB negotiations

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