New Zealand Announces New Rules For Tax Operating Leases

by Mary Swire, Tax-News.com, Hong Kong

Tuesday, December 31, 2019

The New Zealand Government has agreed to proposed changes that would allow taxpayers who apply the New Zealand Equivalent to International Financial Reporting Standard 16 Leases (IFRS 16) to follow their accounting treatment to claim tax deductions on certain leases that are classified as tax operating leases.Read Full Story

New Zealand To Remove Low-Value Consignment Relief

by Mary Swire, Tax-News.com, Hong Kong

Monday, November 25, 2019

New Zealand is to introduce GST on low-value goods sold by overseas retailers from December 1, 2019. Read Full Story

New Zealand Tops World Bank's 'Doing Business' 2020

by Mary Swire, Tax-News.com, Hong Kong

Friday, November 8, 2019

New Zealand is the easiest place in the world to do business, according to the World Bank's new Doing Business 2020 report, which looks at the simplicity of setting up, operating, and paying taxes in 190 territories around the world.Read Full Story

New Zealand Adds To Real Property Tax Reform Plans

by Mary Swire, Tax-News.com, Hong Kong

Friday, October 18, 2019

New Zealand has released a new consultation on proposals to further clarify the deductibility of holding costs (rates, interest, insurance, etc.) where land that is subject to tax on sale is used privately while it is held. Read Full Story

Overseas Suppliers To NZ Urged To Register For GST

by Mary Swire, Tax-News.com, Hong Kong

Friday, October 18, 2019

New Zealand's tax agency has urged overseas businesses who sell goods valued at NZD1,000 (USD629) or less to register for GST ahead of the December 1, 2019, deadline. Read Full Story

New Zealand Guides On Correcting Overcharged Output GST

by Mary Swire, Tax-News.com, Hong Kong

Friday, October 18, 2019

New Zealand's Inland Revenue has released new goods and services tax guidance for businesses who have incorrectly charged an amount of output tax. Read Full Story

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• 22/08/2019 NZ Confirms Tax Rules For Employees Using Own Telecoms Devices »
• 21/08/2019 NZ Tax Man To Enforce Real-Time PAYE Reporting »
• 09/08/2019 New Zealand, Switzerland Update DTA »
• 24/07/2019 NZ Issues Guidance On Fixing Errors In Tax Submissions »
• 20/06/2019 New Zealand To Better Track Taxpayers' Property Transactions »
• 11/06/2019 New Zealand Tweaking GST Rule Changes For Offshore Suppliers »
• 05/06/2019 NZ Requests Input On Design Of New Digital Services Tax »
• 31/05/2019 New Zealand Confirms Tax Proposals In 2019 Budget »
• 21/05/2019 NZ To Reform GST Rules On Telecoms In Next Budget »
• 02/05/2019 New Zealand Finalizes Guidance On BEPS Response »
• 25/04/2019 NZ Accountants Welcome Tax Reform Decisions »
• 22/04/2019 New Zealand Rules Out Capital Gains Tax »
• 04/04/2019 Singaporean BEPS Treaty Amendments Become Effective »
• 27/02/2019 New Zealand Issues Guidance On New R And D Tax Incentive »
• 29/10/2018 Estonia Tops Tax Foundation's Tax Competitiveness Index »
• 26/10/2018 NZ Legislates For New Research And Development Tax Incentive »
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• 03/05/2018 New Zealand Consults On Imposing GST On Low-Value Imports »
• 25/04/2018 New Zealand's Tax Reform Consultation Ends This Week »

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