Current GST issues: Good tax stewardship means tackling the hard problems
More than a list of technical amendments, the Issues Paper reflects Inland Revenue's stewardship role in reviewing whether GST remains fit for purpose...
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FBT health and safety exclusion: Start with the workplace risk
QB 26/02 confirms that the health and safety exclusion depends on the workplace risk being managed—not simply the benefit provided...
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AI and tax: Faster answers, same responsibilities
AI can speed up tax work, but it does not change the reasonable care standard or the need to review AI output carefully...
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Bendel HC decision clarifies Div 7A treatment of unpaid present entitlements
Landmark decision clarifies that unpaid present entitlements to corporate beneficiaries are not loans for Division 7A, ending years of uncertainty...
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Intermediary rules – are changes in the wind?
An Inland Revenue issues paper proposes changes to intermediary rules, including new categories and replacing the 10-client rule...
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Tax debt: the era of softly softly is over
Inland Revenue is stepping up tax debt recovery as PAYE and GST arrears continue to grow among small businesses...
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Payment processing and GST: Where Inland Revenue draws the line
IS 26/02 clarifies when payment-related services fall outside the financial services exemption for GST purposes...
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Options for relief from tax debt: when timeframes meet reality
CA ANZ calls for greater flexibility where taxpayers need to vary instalment arrangements due to changing economic conditions...
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Company removals and loans to shareholders: Practical issues
New IR315A requirements raise timing and treatment questions for shareholder loans when seeking Inland Revenue’s letter of no objection for company removal...
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Reforms proposed for tax practitioner sanctions and compliance (AU)
Reforms proposed for tax practitioner sanctions...
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Can PIEs develop land? Inland Revenue’s emerging view
Inland Revenue’s draft view confirms PIEs can undertake land development, raising practical considerations for fund structures, diversification and investment scope...
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Thin capitalisation and infrastructure: A targeted shift to unlock investment
Targeted thin cap concession for infrastructure aims to ease constraints on highly leveraged projects while maintaining regime integrity...
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Tax pooling extended — a second chance for prior years
Tax pooling now applies to 2022–23 and 2023–24 income tax, offering a time-limited option to manage prior-year liabilities and potentially reduce interest exposure...
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TPB Sanction powers to be enhanced – ED law released
The Government has released the long-awaited Exposure draft legislation and Explanatory materials for amendments to the Sanction powers of the Tax Practitioners Boards (TPB)...
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Online Services for Agents review commences
Improvements to OSfA are needed to address system limitations that hinder tax agent productivity...