Monday, February 25, 2008

A taxing change to payments...

Hello everyone,

As of February 15th 2008 all prices advertised on the Zenbu website include GST. This means that rather than 10 cents per MB being received from customers who use the Zenbu wireless system, we now receive only 8.89 cents (10 cents less GST). As a consequence, 50% of the payment we receive is now 4.44 cents per megabyte. Usage and payments to zone operators occurring after February 15th 2008 will reflect this change.

If you operate a Zenbu wireless zone and you are registered for GST, please save your GST number on your zone administration page and you will continue to receive payments from us which include the GST component of payments we receive from customers.

Prior to February 15th 2008 Zenbu Networks Limited was not GST registered. Hence no GST was collected on payments we received, and the full amount (5 cents per MB) was passed on to all of our zone operators.

We look forward to our new role as unpaid tax collectors for New Zealand's Inland Revenue Department and hope the government spends the money we diligently collect for them wisely. 8-)

At least this change is due to the popularity of the Zenbu wireless network and it is very satisfying to see both our turnover and the number of satisfied customers increasing so rapidly. Thank you everyone for helping make the Zenbu concept a success.


The Zenbu Team

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