The 16 April 2026 issue of Tax Watch which covers Pillar Two registrations, changes to fringe benefit tax under the recently enacted Taxation (Annual Rates) Bill, an extension of the tax pooling regime being piloted by Inland Revenue, and consultations currently open for comment.
The 1 April 2026 edition of Tax Watch includes updates about relief for rising fuel costs, tax changes made to boost infrastructure investment in New Zealand, guidance for the GST treatment of PSPs and BNPL entities, amendments to the common reporting standard and more ...
Key tax news and information from our team to help yours. This week's edition includes new legislation tabled with Inland Revenue, cautionary tales from IR about recent prosecutions, and how to comply with Pillar Two if you’re a NZ subsidiary of a multinational organisation.
A global minimum tax has been introduced, which ensures that large multinationals pay at least 15% tax in all the jurisdictions they operate. This will have the effect of “reducing the incentive for profit shifting and placing a floor under tax competition, bringing an end to the race to the bottom on corporate tax rates,” as the OECD explains.
Key tax news and information from our team to help yours. This week's edition includes Latest GST and employer webinars from IRD now available, KiwiSaver rate change: What employers need to know, Investment Boost: Initial survey findings, Income tax: Deductibility of repairs and maintenance expenditure, Returns of capital, IRD support for severe weather events.
Considering buying a commercial property in the next two years? By getting your ducks in a row early, you could save yourself hundreds of thousands of dollars. That was the message from the experts who spoke at a recent panel event, hosted by ANZ in Christchurch.
The rules around calculating a company’s taxable income are well established. But what if you’re a mutual association – a resident’s association, membership organisation or industry group (among others)?
The broader implications of tariffs for New Zealand and Australian multinational businesses exporting to the US are significant. This environment is incredibly dynamic as more tariffs and retaliatory measures are released almost daily.
Our tax and industry experts have cut through the noise to focus on the most significant announcements in Budget 2025, and reveal what they mean for your business.
Inland Revenue has just released a draft operational statement (ED0265) about the income tax treatment of transactions between not-for-profit associations (Mutual Associations) and their members.
Inland Revenue has issued an open submission to reduce the complexity of compliance with fringe benefits tax (FBT) - a welcome move toward modernising the regime and addressing long-standing complexity, particularly around motor vehicles and minor benefits.
As 31 March 2025 approaches, it’s time for most businesses across New Zealand to get their financials in order – an often time consuming and stressful task. Whether you’re a small business owner or running a larger operation, with a bit of planning, you can wrap up the financial year smoothly and set yourself up for success in the next one.
New Zealand residents pay tax in Aotearoa on world-wide income. Simple enough. But what about people who only live here sometimes, or intend to move to another country?
Prevention is better than cure: That’s Inland Revenue’s perspective on tax compliance for multinationals. It wants to make compliance easy and non-compliance difficult, by helping customers early, providing clear guidance and keeping costs down.
This year has been a tough one for many industries. The pain has been widespread, so many business leaders are reassessing their operations. They’re asking: What’s working and what needs to be improved? How can we increase productivity? Can we use AI to overcome challenges? And is it time to develop new products or services, or refine existing ones?
A bold long term tax strategy is a key driver to solving New Zealand’s infrastructure woes. Murray Brewer analyses Budget 2024 to see if the Government delivered the fresh thinking needed to achieve future success instead short term cost savings.
