New Zealand News

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

New Zealand Offering Simpler, Cheaper Rulings For SMEs

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

Friday, October 4, 2019

On October 1, 2019, New Zealand's Inland Revenue began offering to SMEs and individuals a simplified tax ruling process that is shorter and cheaper. Read Full Story

New Zealand Lining Up More Tax Relief For Fledgling Firms

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

Friday, October 18, 2019

The New Zealand Government has announced that it will adopt two tax incentives proposed by the Tax Working Group: a deduction for "feasibility expenditure" for businesses, and relaxed loss continuity rules. Read Full Story

IMF Recommends Land Tax Reform For New Zealand

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

Friday, October 18, 2019

The IMF has recommended that New Zealand should consider reforming the taxation of land. Read Full Story

NZ Court Rules Turbines Are Buildings For Tax Purposes

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

Friday, August 30, 2019

New Zealand's tax agency has drawn attention to a recent tax ruling in Mercury NZ Ltd v. Inland Revenue ([2019] NZHC 1524), noting it is only the second time New Zealand courts have analyzed the modern depreciation regime, introduced in 1993. Read Full Story

NZ Opposition Eyeing Corporate Tax Cut Election Pledge

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

Friday, August 30, 2019

New Zealand's opposition National Party has released its plans for tax reform, announcing it would review whether to lower the corporate tax rate. Read Full Story

NZ Confirms Tax Rules For Employees Using Own Telecoms Devices

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

Thursday, August 22, 2019

New Zealand's tax agency has prepared new guidelines intended to clarify tax rules when employees use their own telecommunications tools and devices for work purposes. Read Full Story

NZ Tax Man To Enforce Real-Time PAYE Reporting

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

Thursday, August 22, 2019

New Zealand's Inland Revneue Department has said it is to challenge those employers who are currently failing to file their payroll information every payday. Read Full Story

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