What government agency is responsible for tax collection and distribution of benefits in New Zealand?

Prepare for NCEA Level 2 Business Studies Test. Study comprehensively with flashcards and varied question formats, each offering hints and detailed explanations. Ready yourself for success!

The correct agency responsible for tax collection and distribution of benefits in New Zealand is the Inland Revenue Department. This organization plays a crucial role in the New Zealand government by managing the country's tax system, which includes the collection of income tax, GST (Goods and Services Tax), and other taxes.

Additionally, the Inland Revenue Department is tasked with administering various financial support programs, including social welfare benefits and tax credits. This function is vital for ensuring that the tax system is efficient and equitable, providing necessary funds for government services and support to citizens in need.

In contrast, the other options do not encompass the same comprehensive role. The Taxation Office does not exist as an official agency in New Zealand, while the Customs Service is focused on overseeing the import and export of goods, and the Ministry of Finance generally deals with overall fiscal policy and economic management rather than directly collecting taxes or distributing benefits.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy