New Zealand Enacts COVID-19 Support Bill

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

Monday, March 30, 2020

New Zealand has enacted The COVID-19 Response (Taxation and Social Assistance Urgent Measures) Bill to support businesses and individuals cope with the COVID-19 outbreak. Read Full Story

New Zealand Proposing GST Exemption For Crypto-Assets

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

Tuesday, March 17, 2020

New Zealand's Inland Revenue Department has announced the launch of a consultation on potential reforms to improve the goods and services tax regime. Read Full Story

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

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

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