CPI adjustments released IR has released two CPI adjustments, the first in relation to the standard-cost household for boarding service providers, and the second in respect of the standard-cost household service for childcare providers. In both cases, for providers who have a standard 31 March balance date, the CPI adjustments will apply to their calculations […]
R&D Tax Credit Regime now law The Taxation (Research and Development Tax Credits) Act 2019 received the Royal assent on 7th May 2019 – the final stage in NZ’s legislative process. The regime is effective from 1st April 2019, with the consequence that eligible businesses with an annual R&D spend of more than $50,000, will […]
Special Reports on BEPS released While the legislation itself was enacted in June 2018, with application to income years commencing 1st July 2018 onwards, IR has only now just released five special reports on the new rules, each document covering a particular cross-border issue which has been affected by the changes. The reports cover the […]
Provisional Tax QWBA’s IR has released two QWBA’s which both provide commentary on specific provisional tax issues. The first is QB 19/03, which considers the provisional tax implications when an employee receives a one-off payment during an income year with no tax deducted, which has the consequence effect of an end of year RIT of […]
Can you confirm?? IR has released an operational statement (OS 19/02), which deals with the issue of who has the authority in the Commissioner’s eyes, to be able to confirm an income statement of a deceased person or to be able to provide information to IR to finalise the tax account of the deceased. O/S […]
ACC Levies annual review With the ringing in of the new income year, we usually also see the coming into effect of any changes to the ACC rates – the Work Account levies (to cover work-related injuries) and the Earners levy (non-work injuries). In this regard therefore, taking effect from 1st April 2019: the average […]
The region of Australasia punches well above its weight in global economic terms. While not always considered to be in the same league as East Asia, Western Europe and North […]
Read moreHaving your say I thought it would be useful to remind you all of certain draft IR document’s presently out in the public arena for feedback, from both the perspective of reminding you of closing submission dates in case you were eager to share your views with the policy drafters, or in more general terms, […]
Setting up operations in New Zealand (NZ), or transferring employees into the country, will usually require consideration of visa regulations. There are a number of visa options to consider, depending on circumstance and it may require a tailor-made solution to satisfy all requirements of the business. Seconding an employee to temporarily work on client premises […]
Driving your business forward The economic environment is forever changing at a fast pace, with issues such as Brexit, the United States/China trade war and the possible slowdown in the world economy all having an impact in one way or another. Recognition of how these factors will affect your current business and expansion plans is […]
Packing up and moving to another country will often involve multiple decisions, some of which can have material consequences if the wrong choice is made. The process is often made harder, by the numerous emotions that will usually accompany the shift, namely leaving family and friends, learning new cultures and customs and navigating the new […]
New Zealand, known to the indigenous Maori as Aotearoa or ‘The Land of the Long White Cloud’, is often noted as one of the most beautiful countries on Earth. New Zealand has also been praised internationally – including by the World Bank and Forbes – for being a country that is great to do business […]
