Date posted: 10/02/2021 2 min read

Have your say: open New Zealand consultation items

Help shape NZ tax policy and guidance.

In brief

  • Income Tax - trusts and the Australian New Zealand double tax agreement
  • Tax Avoidance and the interpretation of the general anti-avoidance provisions sections BG 1 and GA 1 of the Income Tax Act 2007
  • GST – registration of non-residents under section 54B

Income Tax - trusts and the Australian New Zealand double tax agreement

Inland Revenue has released a draft issue paper IRRUIP15 on the access to the Australian/NZ double tax agreement for trusts. As the issues paper notes there has been little guidance in this area to date and Inland Revenue are seeking submissions on their tentative conclusions. 

Deadline for comment: 1 March 2021

Tax Avoidance and the interpretation of the general anti-avoidance provisions sections BG 1 and GA 1 of the Income Tax Act 2007

Inland Revenue have released draft interpretation statement PUB00305: Tax avoidance and the interpretation of the general anti-avoidance provisions sections BG 1 and GA 1 of the Income Tax Act 2007. This draft statement intends to outline the Commissioner’s view of the law on tax avoidance in New Zealand. 

In addition, Inland Revenue have released two draft QWBAs which, when finalised, will update scenarios originally contained in QB 14/11 and QB 15/11.

Deadline for comment: 31 March 2021

GST – registration of non-residents under section 54B 

Section 54B of the Goods and Services Act 1985 allows non-resident businesses that do not make supplies to end consumers in New Zealand to recover GST input tax on goods and services acquired in New Zealand. However, more recent legislative changes have resulted in a greater number of non-residents needing to register under the standard registration provisions and fewer eligible to register under section 54B. 

This draft interpretation statement intends to provide guidance and examples. 

Deadline for comment: 12 March 2021

Read the draft items

You can access these draft consultation items on Inland Revenue’s Tax Technical Website.

Read more

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.

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