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 […]
Read More →Tax policy news – 23 August 2017
MIL OSI – Source: Inland Revenue Department – Release/Statement Headline: Tax policy news – 23 August 2017 A new information sharing agreement between Inland Revenue and the Ministry of Social Development signed in July will come into effect later this month. The new agreement brings together current information sharing arrangements into one agreement, and enables […]
Read More →Tax policy news – 15 August 2017
MIL OSI – Source: Inland Revenue Department – Release/Statement Headline: Tax policy news – 15 August 2017 An Inland Revenue report into targeted consultation on section 81BA of the Tax Administration Act 1994, which is one of the information sharing provisions, was tabled in Parliament today. The review is a requirement built into legislation. As […]
Read More →Tax policy news – 9 August 2017
MIL OSI – Source: Inland Revenue Department – Release/Statement Headline: Tax policy news – 9 August 2017 Revenue Minister Judith Collins has today welcomed the release of a tax officials’ issues paper, which presents options on how PAYE errors may be corrected and adjustments made, in the context of more frequent filing of PAYE information. […]
Read More →Tax policy news – 3 August 2017
MIL OSI – Source: Inland Revenue Department – Release/Statement Headline: Tax policy news – 3 August 2017 Finance Minister Steven Joyce and Revenue Minister Judith Collins have today announced the Government’s final decisions on proposals to tackle base erosion and profit shifting. For more information see the media statement and background documents. Hon Steven JoyceMinister […]
Read More →Tax policy news – 17 July 2017
MIL OSI – Source: Inland Revenue Department – Release/Statement Headline: Tax policy news – 17 July 2017 The Government has released proposals for making social policy processes administered by Inland Revenue simpler and more certain by basing payments on better information. For more information see the Ministers’ media statement, the discussion document Making tax simpler […]
Read More →Tax policy news – 28 June 2017
MIL OSI – Source: Inland Revenue Department – Release/Statement Headline: Tax policy news – 28 June 2017 A new tax protocol between New Zealand and Hong Kong was signed today, which updates the current double tax agreement between the two jurisdictions to allow full exchange of tax information. For more information see the media statement […]
Read More →Tax policy news – 22 June 2017
MIL OSI – Source: Inland Revenue Department – Release/Statement Headline: Tax policy news – 22 June 2017 The threshold over which information about businesses with an unpaid tax debt may be reported to an approved credit reporting agency has been set by Order in Council at $150,000. For more information see the media statement. Hon […]
Read More →Tax policy news – 19 June 2017
MIL OSI – Source: Inland Revenue Department – Release/Statement Headline: Tax policy news – 19 June 2017 The Government is seeking feedback on proposals that would reduce the number of people who have to provide information to Inland Revenue, and give many people their tax refunds or tax bills automatically. The package of proposals would […]
Read More →Tax policy news – 8 June 2017
MIL OSI – Source: Inland Revenue Department – Release/Statement Headline: Tax policy news – 8 June 2017 The Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (referred to as the Multilateral Instrument, or MLI) was signed by the Minister of Revenue Judith Collins in Paris today. This OECD measure targets base erosion […]
Read More →