New measures included in this latest Taxation Bill include: A Residential Land Withholding Tax (RLWT) applicable on sales of residential property by offshore persons who sell the property within two years of acquisition, applicable to property purchased after 1...
New Zealand’s tax on residential property acquired after 1 October 2015, held for less than two years, and which is not an owner’s main home, nor acquired through inheritance or relationship settlement has been enacted in the Taxation (Bright-line Test for...
New Zealand has released two sets of policy proposals for simplifying tax administration: 1. Making tax simpler – Towards a new Tax Administration Act 2. Making tax simpler – Better administration of PAYE and GST Tax administration In an address to the...
The Taxation (Bright-line Test for Residential Land) Bill has passed its second reading in Parliament. New Zealand is now a step closer to having a capital gains tax on sales of residential properties which are bought and sold within two years. The test will apply to...
The Information Reporting Program Advisory Committee (IRPAC) is required to furnish an annual report to the Commissioner of the IRS. The 132-page 2015 annual report released on 28 October 2015 consists of four subgroup reports. 1. General Encompassing identified areas...
The New Zealand Institute of Chartered Accountants (NZICA) has approved Director Gina Wallace for recognition as a Qualified Auditor in accordance with the Financial Reporting Act 2013 and the NZICA rules. Qualified Auditors are listed on a register maintained by...
