Pre-Budget announcements
Source: Inland Revenue Department – Two pre-Budget announcements were made by the Government today. GST on telecommunications services The Minister of Revenue announced today that the Government intends to align the GST rules on telecommunications services with OECD guidelines and with the treatment of other remote services. For more information, see: – the officials’ issues […]
Read More →2019 GST on telecommunications services – Fact sheet
Source: Inland Revenue Department – News and information about the Government’s tax policy work programme, including:– proposed changes to the laws that Inland Revenue is responsible for– updates on the progress of bills through Parliament– policy announcements 2019 GST on telecommunications services – Fact sheet Fact sheet. May 2019. Downloads MIL OSI
Read More →GST on telecommunications services
Source: Inland Revenue Department – News and information about the Government’s tax policy work programme, including:– proposed changes to the laws that Inland Revenue is responsible for– updates on the progress of bills through Parliament– policy announcements GST on telecommunications services An officials’ issues paper on GST on telecommunications services. May 2019. Downloads MIL OSI
Read More →R&D tax bill enacted
Source: Inland Revenue Department – The Taxation (Research and Development Tax Credits) Act 2019 received Royal assent yesterday. The legislation introduces a 15% research and development tax credit, and sets out the eligibility criteria and conditions that need to be met to receive it. For more information see the Minister of Research, Science and Innovations’s […]
Read More →Cabinet paper CAB-19-MIN-0042: Final report of the Tax Working Group
Source: Inland Revenue Department – News and information about the Government’s tax policy work programme, including:– proposed changes to the laws that Inland Revenue is responsible for– updates on the progress of bills through Parliament– policy announcements Cabinet paper CAB-19-MIN-0042: Final report of the Tax Working Group Description Information release about the final report of […]
Read More →Update to WfFTC payment day
Source: Inland Revenue Department – Payments over Easter The WfFTC payment due on Tuesday 23 April 2019 will be paid early, on Friday 19 April 2019. The next scheduled weekly payment will be made on Tuesday 30 April 2019. In April, we’re delivering a number of changes to make tax more straightforward. This includes extending […]
Read More →Franklin, Hauraki and Thames-Coromandel storm impacts
Source: Inland Revenue Department – On Wednesday 15 March, Primary Industries Minister Nathan Guy declared the storms that affected Franklin Ward, Hauraki District, and the Thames-Coromandel District to be a medium-scale adverse event. We have a range of support in place for affected customers Find out about extreme weather assistance for individuals and families Find […]
Read More →Christchurch terror attack – support for customers
Source: Inland Revenue Department – For customers and families who have been directly affected by the terror attacks in Christchurch, we recognise that tax will not be front of mind for you right now. We want to ensure that, when you are ready, you have the information and support you need. This may relate to […]
Read More →Assistance for farmers and growers affected by drought
Source: Inland Revenue Department – The medium-scale event classification for the Tasman district drought has been extended to cover Marlborough, Buller and Nelson. If you’re a farmer or grower who is facing financial difficulty because of the drought, you may be able to use our income equalisation scheme discretions. This means we’ll allow late deposits for […]
Read More →Working in exchange for accommodation
Source: Inland Revenue Department – A business owner (like a farmer, restaurant owner, or someone in the accommodation business) who provides accommodation to workers in return for them carrying out tasks should be aware that there could be income tax, GST and other implications of providing that accommodation. For example, the value of accommodation may […]
Read More →Cabinet paper LEG-19-SUB-0027: Tax Administration (Correction of Errors in Employment Income Information) Regulations 2019
Source: Inland Revenue Department – News and information about the Government’s tax policy work programme, including:– proposed changes to the laws that Inland Revenue is responsible for– updates on the progress of bills through Parliament– policy announcements Cabinet paper LEG-19-SUB-0027: Tax Administration (Correction of Errors in Employment Income Information) Regulations 2019 Description Information release for […]
Read More →The impact of the Tax Working Group recommendations on farmers
Source: New Zealand Government – Tax Working Group Sir Michael Cullen, Chair of the Tax Working Group (TWG) has responded to a request to comment on recent claims about the effect on farmers of the Group’s recommendations regarding environmental taxes and extending the taxation of capital gains. “The TWG’s Final Report provides a framework for […]
Read More →Tax Working Group responds to KiwiSaver claims
Source: New Zealand Government – Tax Working Group In responding to a National Party claim that extending capital gains taxation as recommended by the Tax Working Group would mean that “the average person’s KiwiSaver” would be worse off, Tax Working Group Chair, Sir Michael Cullen said that the analysis failed to take into account the […]
Read More →Robin Oliver: Double Taxation and Option B: Member Note for Session 24 of the Tax Working Group
Source: New Zealand Government – Tax Working Group info and data Prepared by Tax Working Group Member for the Tax Working Group and dated 5 December 2018. Other papers from this meeting: Meeting 24: 6 December 2018. Other papers on this theme: Tax Working Group Member. Grounds 9(2)(a), 9(2)(f)(iv), 9(2)(g)(i) and 9(2)(j) to withhold information […]
Read More →Robin Oliver: Implementation: Robin’s Note: Companion Note to Session 23 of the Tax Working Group
Source: New Zealand Government – Tax Working Group info and data Prepared by Tax Working Group Member for the Tax Working Group and dated 15 November 2018. Other papers from this meeting: Meeting 23: 22 November 2018. Other papers on this theme: Tax Working Group Member. Grounds 9(2)(a), 9(2)(f)(iv), 9(2)(g)(i) and 9(2)(j) to withhold information […]
Read More →Tax Working Group delivers Final Report
Source: New Zealand Government – Tax Working Group Concerns about the structure, fairness and balance of the tax system have led to the Tax Working Group recommending the Government tax more income from capital gains. Group Chair Sir Michael Cullen says our system has many strengths but there is a clear weakness caused by our […]
Read More →Tax bill introduced
Source: Inland Revenue Department The Taxation (Annual Rates for 2019–20, GST Offshore Supplier Registration, and Remedial Matters) Bill was introduced in Parliament today. The Bill proposes that when an offshore supplier, such as a website or an online marketplace, has annual sales to New Zealanders above the $60,000 GST registration threshold, they will have to […]
Read More →Tax Working Group responds to Stuff article on ‘valuation day’
Source: New Zealand Government – Tax Working Group Tax Working Group Chair Sir Michael Cullen says there’s no proposal under consideration that would require every New Zealand business to obtain a professional valuation all on the same day. The assertion is made today in a Stuff opinion column by Troy Bowker. Sir Michael says the […]
Read More →R&D tax bill introduced
Source: Inland Revenue Department The Minister of Research, Science and Innovation introduced the Taxation (Research and Development Tax Credits) Bill today. The Bill includes the proposed legislation for the Government’s R&D tax incentive package, previously announced on 3 October 2018. For more information see the Ministers’ media statement, the Bill, commentary on the Bill, and […]
Read More →Future of Tax: Interim Report
Source: New Zealand Government – Tax Working Group info and data ‘Nāu te rourou, Nāku te rourou, ka ora ai te iwi’ ‘With your contribution and mine, the people will prosper’ The Tax Working Group has issued a progress report on its review of the tax system. See the related press release, Tax Working Group publishes interim […]
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