Law Guides:
Doing Business in New Zealand
01 Jun 2013
We have many years of experience in providing advice to multinational firms and their professional advisers on all aspects of doing business in New Zealand.
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FYI:
Tax Law – Taking stock: What's happening in tax?
11 Apr 2013
As a new tax year begins, we thought it timely to briefly survey recent and impending tax changes of particular interest to businesses. Many of these have been discussed in more detail in earlier FYIs, as noted below...
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FYI:
Tax Law – Hit the Road, Jack: FBT and Car Parks
15 Mar 2013
The Government has introduced legislation to expand the reach of the fringe benefit tax (FBT) regime to apply to more car parks provided to employees...
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FYI:
Tax – Proposals to tighten interest deductions for foreign-owned businesses in New Zealand
19 Feb 2013
The "inbound" thin capitalisation rules, introduced in 1997, effectively restrict the extent to which foreign shareholders fund their New Zealand operations with debt, whether related-party or third-party (bank) debt, rather than shareholder equity...
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FYI:
Tax Law – Using the Cloud to store business records: Are you compliant?
12 Dec 2012
In a recent draft standard practice statement (SPS), IRD set out its views on the responsibilities of businesses opting to use electronic systems, such as Cloud computing systems, to store their business records...
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FYI:
Tax Law – FATCA Update: New Zealand gets caught up in a US clampdown on tax evasion
19 Nov 2012
The Minister of Revenue, the Hon Peter Dunne, recently announced the New Zealand Government’s intention to enter into an Intergovernmental Agreement with the US Treasury, regarding the Foreign Account Tax Compliance Act ...
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FYI:
Tax – GST: Ever-evolving
10 Oct 2012
The Taxation (Livestock Valuation, Assets Expenditure, and Remedial Matters) Bill, introduced to Parliament on 13 September, contains a number of proposed, business-friendly, GST changes, which we welcome. We discuss the two major proposals below...
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FYI:
Tax
The Taxation (Livestock Valuation, Assets Expenditure, and Remedial Matters) Bill, introduced to Parliament on 13 September, contains a number of proposed, business-friendly, GST changes, which we welcome. We discuss the two major proposals below. We also look at a significant recent Australian court decision on the meaning of “supply” for GST purposes, and assess its potential ramifications for New Zealand businesses...
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FYI:
Tax – Baches and backdowns: Mixed-use assets and an update on lease inducements
04 Oct 2012
In this FYI we explain the significant changes to the tax treatment of “mixed-use assets” proposed in a Bill recently introduced into Parliament...
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FYI:
Tax
In this FYI we explain the significant changes to the tax treatment of “mixed-use assets” proposed in a Bill recently introduced into Parliament. We also provide an update on our recent FYI (“One Man’s Leakage Is Another Man’s Moat” 8 August) concerning proposed changes to the tax treatment of lease inducement payments.
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FYI:
Tax – One Man's Leakage is Another Man's Moat
08 Aug 2012
The IRD and Treasury are proposing that any lease inducement payment be treated as assessable income in the hands of the recipient, reversing by legislation the long-standing, non-taxable (capital) status of such payments...
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FYI:
Tax – Proposed Taxation of "Salary Trade-Offs" - Impact on Charities
10 Jul 2012
IRD proposals to tax salary trade-offs (STOs) will potentially have a significant impact on employee salary packaging options for charitable organisations and other employers...
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FYI:
Tax – Post-Election Tax Stock-Take
12 Dec 2011
With the election behind us, it is timely to review what will (and what will not) be happening on the tax policy front in the short and medium term...
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FYI:
Tax – Penny & Hooper - The Fallout
17 Oct 2011
You have probably seen or heard media coverage of the Supreme Court's recent decision in Penny & Hooper v CIR. It has had a lot more media airplay than the average tax avoidance case...
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FYI:
Asset Planning – Gift Duty's Gone - Do Look a Gift Horse in the Mouth
17 Oct 2011
On 1 October 2011, gift duty was abolished. You now have the freedom to transfer assets and forgive debts without having to think about gift duty and filing gift statements. And it will no longer take a lifetime of gifting to transfer assets to your family trust...
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FYI:
Tax – Goodbye LAQC, Hello LTC
21 Feb 2011
If you conduct business or invest through a qualifying company or loss-attributing qualifying company, there are significant law changes coming into force on 1 April 2011 that will impact on your structure...
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FYI:
Tax Update – Benefits in Proposed GST Changes
24 Sep 2010
Proposed GST changes will be beneficial for many businesses. The proposals, in a Bill currently at the Select Committee stage, aim to tidy up a number of areas that have created compliance issues for taxpayers as well as revenue risk for Inland Revenue...
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FYI:
Tax Update – The GST increase - phasing in the new 15% rate
18 Jul 2010
Suppose your contract provides a GST-inclusive price for goods you supply...
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FYI:
Tax Update
Suppose your contract provides a GST-inclusive price for goods you supply. Can you pass on the GST increase to your customer, by raising the price? Or must you absorb the rise? Transitional issues like these will arise when the standard rate for GST increases from 12.5% to 15% from 1 October 2010...
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