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 […]
Read More →Tax Working Group publishes interim report
Source: New Zealand Government – Tax Working Group The Tax Working Group is updating the public on its progress and thinking with the publication of its Interim Report today. Chair Sir Michael Cullen says that the Group has conducted a wide-ranging review in order to assess the structure, fairness, and balance of the tax system. […]
Read More →6,700 submissions received in Tax Working Group consultation
Source: New Zealand Government – Tax Working Group The Tax Working Group’s public consultation has drawn to a close with 6,700 submissions received on the future of tax. Group chairman Sir Michael Cullen says these views will help inform the interim report to Ministers due in September. “I would like to thank the New Zealand […]
Read More →One week left to have your say on the future of tax
Source: New Zealand Government – Tax Working Group New Zealanders have a week left to submit their ideas on the future of tax. The Tax Working Group’s public consultation closes on Monday 30 April after eight weeks of gathering thoughts on the structure, balance and fairness of the tax system. The public’s feedback will be […]
Read More →Tax Working Group open minded on how to future proof the tax system
Source: New Zealand Government – Tax Working Group A national conversation is well underway on the future of tax and the Tax Working Group remains open minded about where it will lead. Taxes on wealth, capital gains and unhealthy products have all been keenly debated since the call went out for submissions on March 1st. […]
Read More →Tax Working Group welcomes submissions on future of tax
Source: New Zealand Government – Tax Working Group The Tax Working Group is seeking the views of as many New Zealanders as possible about the future of tax. Group chair Sir Michael Cullen says now is the time for people to start thinking about what changes they would like to see to the tax system. […]
Read More →Hong Kong DTA updated
MIL OSI – Source: Inland Revenue Department – Release/Statement Headline: Hong Kong DTA updated An amendment to New Zealand’s double tax agreement with Hong Kong has now entered into force. The amendment widens the exchange of information provisions for the purposes of eradicating tax evasion and avoidance. It brings the agreement with Hong Kong into […]
Read More →BEPS Multilateral Instrument ratified
MIL OSI – Source: Inland Revenue Department – Release/Statement Headline: BEPS Multilateral Instrument ratified New Zealand has now ratified the OECD’s Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (the “Multilateral Instrument”, or MLI), which is expected to enter into force for New Zealand from 1 October 2018.
Read More →GST on imported low-value goods proposals launched
MIL OSI – Source: Inland Revenue Department – Release/Statement Headline: GST on imported low-value goods proposals launched The Government has today launched proposals for offshore suppliers of low-value goods to New Zealand consumers to collect and return GST on those goods. For more information see the Minister of Revenue and the Minister of Customs’ media […]
Read More →RSF calls on Philippine state to ‘stop hounding’ Rappler in ‘laughable’ move
Pacific Media Watch Newsdesk Reporters Without Borders (RSF) has called on the Philippine authorities to stop hounding Rappler, after officials confirmed that a previously dismissed defamation action against the independent news website had been revived and last week brought a tax evasion complaint against the site. “All this would be laughable if the site’s survival […]
Read More →Tax Working Group Chair’s address to the 2018 IFA conference
MIL OSI – Source: Inland Revenue Department – Release/Statement Headline: Tax Working Group Chair’s address to the 2018 IFA conference Sir Michael Cullen, Chair of the Tax Working Group, spoke at the International Fiscal Association’s conference today. In his speech he discussed some of the issues facing the tax system and the focus of the […]
Read More →SOP extends bright-line test
MIL OSI – Source: Inland Revenue Department – Release/Statement Headline: SOP extends bright-line test A Supplementary Order Paper released today proposes an amendment for inclusion in the Taxation (Annual Rates for 2017-18, Employment and Investment Income, and Remedial Matters) Bill. The SOP extends the current “bright-line” test from two years to five years. For more […]
Read More →Tax policy news – 18 January 2018
MIL OSI – Source: Inland Revenue Department – Release/Statement Headline: Tax policy news – 18 January 2018 Revenue Minister Stuart Nash today welcomed the decision by Inland Revenue to provide support for drought affected farmers in the lower North Island and the West Coast of the South Island through the income equalisation scheme. For more […]
Read More →Tax policy news – 20 December 2017
MIL OSI – Source: Inland Revenue Department – Release/Statement Headline: Tax policy news – 20 December 2017 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 Home › News […]
Read More →Oro Governor Juffa backs PNG taxes brush up to catch dodgers
Oro Governor Gary Juffa on the PNG government’s taxation plan. Video: EMTV News Pacific Media Centre Newsdesk Oro Governor Gary Juffa has commended the Papua New Guinea government’s move to review its tax collecting efforts for next year. He says line agencies must examine companies that are breaking or evading Papua New Guinea’s taxation laws. […]
Read More →No Philippine law tackles ‘Paradise Papers’ 200 offshore accounts
ANALYSIS: By Malou Mangahas and Karol Ilagan in Manila What do some bankers and fund managers, a few senior government officials, a dozen top taxpayers, and a handful of companies located in the Philippines have in common? They are among some 200 Filipinos, Philippine residents, and corporations that own or are linked to offshore accounts […]
Read More →Tax policy news – 10 November 2017
MIL OSI – Source: Inland Revenue Department – Release/Statement Headline: Tax policy news – 10 November 2017 On Wednesday 8 November 2017 Parliament reinstated the Taxation (Annual Rates for 2017–18, Employment and Investment Income, and Remedial Matters) Bill. The Finance and Expenditure Committee will now continue its consideration of the Bill. The Bill, introduced on […]
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