Charities and business income – will there be change?
Inland Revenue is currently consulting on aspects of the tax rules relating to income derived by charities and not-for-profits...
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Facing the FIF dilemma: Will rule changes help new migrants?
New Zealand’s FIF rules often require tax payments based on unrealised income, posing challenges for some new migrants with illiquid foreign shares. A Government Discussion Document proposes...
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GST and managed funds: What investors need to know
Inland Revenue has released a draft statement on how GST applies to managed funds. Discover key insights about managed funds, their fees and the draft statement's potential impact...
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Make your Christmas count: A guide to tax-deductible festive expenses
Did you know some of your Christmas expenses may be tax deductible or subject to Fringe Benefit Tax?...
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Travel by car between home and work – private or not (Part 2)
Clarifying exemptions for non-private travel by car...
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Trust disclosures 2022/23: Insights and pathway to simplification
Inland Revenue’s findings on the second year of trust disclosures, presented at the November Tax Conference, and a 2024 review, showed how these rules shaped compliance and policy decisions...
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The Inland Revenue Satisfaction Survey reveals rising compliance costs and opportunities for service improvements
In the 2024 Inland Revenue Satisfaction Survey, CA ANZ members’ feedback reveals rising compliance costs and an urgent need for streamlined processes to ease New Zealand’s tax burden. Brought to you...
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Travel by car between home and work – private or not?
Inland Revenue updates tax rules on travel between home and work, with new guidance to address deductibility and FBT implications...
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Draft PUB00489: Bright-line rollover relief more widely available than previously thought
Inland Revenue’s draft PUB00489 clarifies that rollover relief is not optional, transferring the transferor’s acquisition date, cost base, and property-use history to the transferee...
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Taxing share investments: What every NZ investor needs to know
Whether you use an online platform or a broker, it’s essential to consider the potential tax implications of your investments...
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Financial abuse in the tax system - recognise the signs
With the lodgement of tax returns providing tax professionals with an annual touch point with clients, tax professionals are well placed to identify signs of financial abuse...
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Should the Reserve Bank issue a digital currency?
In its consultation released on 17 April 2024 the Reserve Bank announced that it is considering issuing a digital currency. Nothing has been decided yet, but it is important to note that the digital...
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August Tax Bill delivers a variety of fixes
The Annual Tax Bill recently received its first reading in New Zealand Parliament and is now open for public consultation...
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CA ANZ remains concerned about Code Determination – 10 bodies support disallowance motion
CA ANZ makes its concerns about the Determination clear in an Open Letter to the Government and at a roundtable with the Assistant Treasurer’s office and Treasury...
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Speak up: The 2024 IR Satisfaction Survey goes live this September
This annual survey aims to understand members’ experiences with Inland Revenue and identify some of the practical implications or pain points arising from recent tax changes...
