Date posted: 16/02/2024 2 min read

Have your say: open New Zealand consultation items

Help shape NZ tax policy and guidance

In brief

  • Charities – Business income exemption
  • The valuation of livestock
  • Employee Share Scheme

Charities – Business income exemption

This interpretation statement considers the extent to which business income a charitable entity derives is exempt from tax under s CW 42.

Consultation closes 15 March 2024

The valuation of livestock

This statement describes the options available for taxpayers who are in the business of farming to value the livestock that they have on hand at balance date. The statement also replaces a number of items previously published by the Commissioner on this topic.

Consultation closes 25 March 2024

Employee Share Scheme

The employee share scheme (ESS) tax regime was reformed in 2018. Since then, we have received various questions about how the law applies in certain scenarios and interacts with other regimes (such as PAYE and FBT). Given the wide range of issues we have been asked to consider, we have produced six items (five interpretation statements and one question we’ve been asked), with each one focusing on specific tax implications for ESS. We decided to take this approach, rather than producing one larger item, so it is easier for people to find guidance on the issue that they are interested in. Together these items aim to provide guidance and examples that demonstrate the Commissioner’s (draft) view on some of the issues related to ESS.

Consultation closes 26 April 2024

Read the draft items

You can access the draft consultation items on Inland Revenue's Tax Technical Website.

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Contact the CA ANZ Tax Team NZ

Throughout the year we ask for member’s thoughts and feedback on submissions and consultation items. If an item is of interest to you or your clients let us know your thoughts.

we’d love to hear from you.