In November, we hope to see the start of the 21st century tax simplification announced for New Zealand. This is part of a 10-year $1.5 billion overhaul in the IRD's computer system.
Part of the announcements expected at the 2013 tax conference will include improvements to the PAYE system and the ability to deal securely with the IRD.
But the conversations will open up discussion about dealing with taxes on a "real time" basis for businesses.
Real time means that the calculation of tax is due as profits are earned.
There is speculation that this could mean the beginning of the end of provisional tax.