The Taxation (Annual Rates 2019-20, GST Offshore Supplier Registration, and Remedial Matters) Bill was reported back to Parliament by the Finance and Expenditure Select Committee last Friday. The Officials Report was also released. The Bill has three key items: GST on low-value imported items loss ring fencing rules for rental properties, and changes to the…
The coalition agreement between Labour and NZ First and the supply and
confidence agreement between Labour and the Greens set out some specific
tax policy commitments.
The National Government in its attempt to slow down the runaway train that is the NZ property market, introduced a quasi capital gains tax in 2015, otherwise known as the ‘Brightline Test’.
The Finance and Expenditure Select Committee (“FEC”) has reported back the May 2016 Taxation (Annual Rates for 2016-17
Inland Revenue has formally launched its 2015/16 Multinational Enterprises Compliance Focus guide.