In an earlier blog, I mentioned the IRD paper released in July 2012 addressing proposed changes to the way in which New Zealand taxes foreign superannuation schemes. Here’s a summary of the current tax treatment, and the proposed changes in the Issues paper. Current...
IRD has released an exposure draft seeking comments on whether state income tax paid in the United States qualifies as a foreign tax credit in the New Zealand tax return. The deadline for comment is 10 October 2012. The issue affects New Zealand tax residents...