Tax insights

Our tax insights below help to keep you ahead of the game.


Global Minimum Tax Looms

26 July 2021
In a landmark deal set to reform the international tax landscape, 130 OECD member countries including New Zealand signed up to an agreement to address concerns that multinational entities (“MNE”) should pay their fair share, wherever they operate.

Bright-line test extension and interest deduction limitations.

24 June 2021
In our recent property seminar, we covered various tax issues, including the bright-line extension and interest deduction limitations on residential investment property.

Tax Rate Increase – What you need to know

1 March 2021
It may seem like a bad April Fool’s joke but 1 April and an increase in the top tax rate is only a stone’s throw away.   In this article we discuss the 39% increase introduced by Labour and what you need to consider prior to 31 March.

Tax Loss Carry Back Scheme – A Recap

1 March 2021
On 30 April 2020, the Government enacted a temporary measure to enable taxpayers to carry back tax losses as part of ongoing Covid-19 business support measures. This rule was effective from 15 April 2020 as part of the Government’s measures to look at broader tax loss rules. 

Ideas & Insights - Tax Update

30 November 2020
2020 is nearing an end and what a year it has been! As the international response to the Covid-19 outbreak continues we are working closely with clients both domestically and globally to prepare, respond, and share our experiences from a New Zealand perspective.

New R&D Tax Incentive - Unlock Cash Flow Immediately

27 April 2020
With the financial year recently ticking over into FY2020/2021, the majority of innovators in New Zealand (those with year-end 31 March 2020) are able to begin lodging income tax returns and unlock the value from the newly introduced R&D Tax Incentive program.

Year End Tax Implications

26 March 2019
There are a number of issues  that need to be considered when preparing your year end financial statements. The timing and treatment of certain expense items can have tax implications, and in some cases the accounting treatments applied can result in tax efficiencies.  

民宅出租损失的围栏政策 - 工党政府的倡议 Ring-Fencing Rental Losses – a Labour Government Initiative

4 December 2018
继延长明线测试(从2018年3月29日起由2年延至5年),2018年3月新西兰税务局部门提交的修订法案将导致业主无法用其民宅出租的损失抵消其应缴纳收入。   政府认为物业投资者和业主之间的竞争环境需得到平衡,因为租赁物业投资者可以从税收损失中受益,而资本收益则是免税的。

Impact of the Bywater decision

19 November 2018
The Bywater Decision and the impact on New Zealand Incorporated Companies

2018 财政预算 (Budget 2018: The Rebuild Budget?)

3 July 2018
新西兰工党政府通过其财政部部长 Hon. Grant Robertson 呈递了自2017年大选以来的第一个财政预算。预算在医疗和和教育方面开支很大,但这并不意味着新西兰的医疗和教育会在一夜之间大幅改善! 支出 卫生部宣布四年内增加32亿预算,其中划拨给区卫生局(DHB)23亿。 政府认为这将使我们的医院和医疗服务机构能够随时提供优质医疗服务,并且将意味着有更多资金用于心理健康等服务,并减轻承担过度劳动的工作人员的压力。 政府预计这项拨款会让各DHB吸引更多有经验和资质的员工。

7 July vs 31 March - when is your tax return due?

5 July 2017
Did you know that if you use a registered tax agent like RSM New Zealand, you are granted an extension of time to file an income tax return? The most common tax period in New Zealand is from 1 April to 31 March the following year, but are you aware that there are two different deadlines for filing a return?

New transfer pricing developments bring new risk for New Zealand multinationals

3 November 2016
The Inland Revenue Department (“IRD”), as we expect, is continuing its work tightening the so called “loopholes” in New Zealand’s (“NZ’s”) current tax regime for multinational enterprises (“MNE’s”).

Undeclared cash jobs in construction sector

25 October 2016
Undeclared cash in the construction sector remains a high priority for the Inland Revenue (IR).  You’ll probably recall recent advertising that they have done, and you may have seen the advertising that they are running at the moment.

Do you provide remote services to NZ residents?

12 October 2016
Are you a non-resident business supplying remote services to NZ resident consumers? If so, you may be required to be registered for New Zealand GST and charge GST on services provided to NZ resident customers from 1 October 2016. When do you need to register for GST? You will need to be registered for GST when:

Effective law change for related party transactions and transfer pricing documentation

16 August 2016
There has been a lot of commentary regarding the Organisation for Economic Co-ordination and Developments (“OECD”) base erosion and profit shifting (“BEPS”) report.

New residential land tax from 1 July

28 June 2016
You may be aware that Residential Land Withholding Tax (RLWT) will soon apply to sales of certain properties in New Zealand. Will the implications of this new regime be relevant to you or your business?

IRD’s 2015 international questionnaire and basic compliance package

26 April 2016
In February 500 tax payer groups received a letter from the Inland Revenue Department (“IRD”) as part of their basic compliance package (“BCP”) process.

Government announces the business tax proposals targeted at SMEs

13 April 2016
As part of his pre-Budget speech in Wellington today, Prime Minister, John Key, announced a business tax package which “will reduce compliance costs and makes tax simpler for small business”.

Could your R&D tax losses translate to a cash refund?

3 March 2016
Turn hard work into a cash advantage - could your company’s R&D tax losses translate into a cash refund?

Large enterprise focus by the IRD

29 February 2016
The Inland Revenue Department (IRD) has this month released their quarterly large enterprise update. Unsurprisingly the update includes some changes to the IR’s focus on transfer pricing. This is without doubt the start of the IR’s response to the OECD’s Base Erosion and Profit Shifting (BEPS) project.

International tax alert : BEPS action plan

24 February 2016
With the OECD’s base erosion and profit shifting (“BEPS”) action plan final reports having been released late in 2015, it’s now time to take note of the potential risks that the plan poses. This article provides an overview of the main risk areas and for this reason we have not provided commentary on all 15 action points.

Fast Tax Fact: Samoa double tax agreement

3 February 2016
The New Zealand - Samoa double tax agreement "DTA" is now in force. 

What is provisional tax?

27 January 2016
Provisional tax is not a separate tax.  It is income tax paid in advance during the year because of the way you, your company or your trust earns its income.  Provisional tax helps you to “spread the load” to avoid a large end of year tax bill. 

A trustee's tax liability

21 December 2015
Did you know trustees are personally liable for the tax obligations of a trust? You may think this is obvious, but have you thought about what tax consequences there may be when you resign as a trustee? The Inland Revenue Department (IRD) have recently released a notice reminding trustees to keep their records up to date -

On the fringe of an IRD Review?

29 October 2015
The Fringe Benefit tax (FBT) rules are complex and often misunderstood by employers. FBT seeks to tax all non-cash benefits provided by an employer to an employee or shareholder-employee as a result of their employment, with the obligation to return the tax falling on the employer.

GST changes on imported services and digital content

21 August 2015
Are you on-line with the proposed GST changes on imported services and digital content?

Are you ready for your IRD risk review?

19 May 2015
Multinationals are the focus of the IRD for the next two years

IRD risk review focus for multinational corporations

19 February 2015
Amongst other things, protecting our clients’ business means, to us, ensuring that they are aware of the compliance and risk review focus of the Inland Revenue Department, and all necessary steps are taken to minimize the clients’ risks and exposure.  One of the major concerns for Inland Revenue is taxation of m

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