Major changes to NZ’s QC/LAQC regime

There are major changes occurring in 2011 once legislation has been passed, affecting Loss Attributing Qualifying Companies (LAQCs) and Qualifying Companies (QCs) under NZ tax legislation. From 1 April 2011, the ability to attribute losses through an LAQC will no...

Revised NZ-US double tax agreement in force

The updated double tax agreement between New Zealand and the United States that was signed on 1 December 2008 has just come into force. Among the main changes to the agreement are that withholding taxes on certain dividends, interest and royalty payments have been...

Gift duty repealed by New Zealand Government

Today the government confirmed that gift duty will be abolished, effective 1 October 2011. The move is yet to be legislated, but the process is expected to commence this month by way of inclusion in a new tax bill. This will be welcomed by private sector NZ, with the...
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