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Tax bill introduced

By   /  December 5, 2018  /  24/7 News, AM-NC, DJF, Economy, Inland Revenue Department, KB, KB, New Zealand, Press Release, Public Sector, Taxation  /  Comments Off on 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 […]

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Tax Working Group responds to Stuff article on ‘valuation day’

By   /  November 23, 2018  /  24-7, 24/7 News, AM-NC, DJF, Government, KB, MIL NZ OSI, New Zealand, New Zealand Coalition Government, New Zealand Executive Government, New Zealand Government, New Zealand Labour-led Government, Tax Working Group, Taxation  /  Comments Off on 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 […]

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R&D tax bill introduced

By   /  October 25, 2018  /  24/7 News, AM-NC, DJF, Economy, Inland Revenue Department, KB, KB, New Zealand, Press Release, Public Sector, Taxation  /  Comments Off on 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 […]

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Future of Tax: Interim Report

By   /  September 20, 2018  /  24-7, 24/7 News, Government, MIL NZ OSI, New Zealand, New Zealand Coalition Government, New Zealand Executive Government, New Zealand Government, New Zealand Labour-led Government, Tax Working Group, Tax Working Group info and data, Taxation  /  Comments Off on 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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Tax Working Group publishes interim report

By   /  September 20, 2018  /  24-7, 24/7 News, Government, MIL NZ OSI, New Zealand, New Zealand Coalition Government, New Zealand Executive Government, New Zealand Government, New Zealand Labour-led Government, Tax Working Group, Taxation  /  Comments Off on 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. […]

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6,700 submissions received in Tax Working Group consultation

By   /  September 20, 2018  /  24-7, 24/7 News, Government, MIL NZ OSI, New Zealand, New Zealand Coalition Government, New Zealand Executive Government, New Zealand Government, New Zealand Labour-led Government, Tax Working Group, Taxation  /  Comments Off on 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 […]

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One week left to have your say on the future of tax

By   /  September 20, 2018  /  24-7, 24/7 News, Government, MIL NZ OSI, New Zealand, New Zealand Coalition Government, New Zealand Executive Government, New Zealand Government, New Zealand Labour-led Government, Tax Working Group, Taxation  /  Comments Off on 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 […]

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Tax Working Group open minded on how to future proof the tax system

By   /  September 20, 2018  /  24-7, 24/7 News, Government, MIL NZ OSI, New Zealand, New Zealand Coalition Government, New Zealand Executive Government, New Zealand Government, New Zealand Labour-led Government, Tax Working Group, Taxation  /  Comments Off on 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. […]

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Tax Working Group welcomes submissions on future of tax

By   /  September 20, 2018  /  24-7, 24/7 News, Government, MIL NZ OSI, New Zealand, New Zealand Coalition Government, New Zealand Executive Government, New Zealand Government, New Zealand Labour-led Government, Tax Working Group, Taxation  /  Comments Off on 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. […]

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Hong Kong DTA updated

By   /  August 13, 2018  /  24/7 News, Economy, Inland Revenue Department, New Zealand, Press Release, Public Sector, Taxation  /  Comments Off on 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 […]

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BEPS Multilateral Instrument ratified

By   /  August 2, 2018  /  24/7 News, Economy, Inland Revenue Department, New Zealand, Press Release, Public Sector, Taxation  /  Comments Off on 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.

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GST on imported low-value goods proposals launched

By   /  May 1, 2018  /  24/7 News, Economy, Inland Revenue Department, New Zealand, Press Release, Public Sector, Taxation  /  Comments Off on 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 […]

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RSF calls on Philippine state to ‘stop hounding’ Rappler in ‘laughable’ move

By   /  March 14, 2018  /  24/7 News, Analysis-Reportage, APR, Asia Pacific, Asia Pacific Report, Asia Report, Evening Report, Featured, Human Rights, Justice, Lawsuit, Media, Media Freedom, Media law, MIL NZ OSI, MIL OSI, Pacific Media Centre, Pacific Region, Philippines, PMC Reportage, Political lawsuits, Press Freedom, Rappler, Reports, Taxation, United Nations  /  Comments Off on 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 […]

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Tax Working Group Chair’s address to the 2018 IFA conference

By   /  March 2, 2018  /  24/7 News, Economy, Inland Revenue Department, New Zealand, Press Release, Public Sector, Taxation  /  Comments Off on 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 […]

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SOP extends bright-line test

By   /  February 15, 2018  /  24/7 News, Economy, Inland Revenue Department, New Zealand, Press Release, Public Sector, Taxation  /  Comments Off on 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 […]

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Tax policy news – 18 January 2018

By   /  January 18, 2018  /  24/7 News, Economy, Inland Revenue Department, New Zealand, Press Release, Public Sector, Taxation  /  Comments Off on 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 […]

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Tax policy news – 20 December 2017

By   /  December 20, 2017  /  24/7 News, Economy, Inland Revenue Department, New Zealand, Press Release, Public Sector, Taxation  /  Comments Off on 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 […]

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Oro Governor Juffa backs PNG taxes brush up to catch dodgers

By   /  December 11, 2017  /  24/7 News, Analysis-Reportage, APR, Asia Pacific, Asia Pacific Report, Business, Evening Report, MIL NZ OSI, MIL OSI, Multimedia, Pacific Media Centre, Pacific Region, Pacific Report, Papua New Guinea, PMC Reportage, Politics, Reports, Tax dodgers, Taxation  /  Comments Off on 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. […]

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No Philippine law tackles ‘Paradise Papers’ 200 offshore accounts

By   /  November 29, 2017  /  24/7 News, Analysis-Reportage, APR, Asia Pacific, Asia Pacific Report, Asia Report, Business, Evening Report, Featured, Global, Investigative journalism, Malou Mangahas, Media, MIL NZ OSI, MIL OSI, Offshore companies, Pacific Media Centre, Pacific Region, Paradise papers, PCIJ, Philippine Center for Investigative Journalism, Philippines, PMC Reportage, Politics, Reports, Research, Tax havens, Taxation  /  Comments Off on 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 […]

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Tax policy news – 10 November 2017

By   /  November 10, 2017  /  24/7 News, Economy, Inland Revenue Department, New Zealand, Press Release, Public Sector, Taxation  /  Comments Off on 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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