Our clients

Our clients

The jurisdictions of New Zealand and the United States of America have very different tax regimes. However, there is a common theme which we, as tax practitioners experience, year in and year out. That common theme is the complex anti-deferral and anti-avoidance...
Let’s take a deep dive into KiwiSaver

Let’s take a deep dive into KiwiSaver

Many countries develop and manage their tax policies to influence socio-economic behaviour. N.Z. is one such example. N.Z. has traditionally been slow to prepare its inhabitants for retirement. Other countries have had compulsory superannuation for decades, such as...
Inland  Revenue Issues IS21/09 on how to claim foreign tax credits

Inland Revenue Issues IS21/09 on how to claim foreign tax credits

Inland Revenue recently expanded its guidance on claiming foreign tax credits for overseas tax paid. Interpretation Statement IS 21/09 Foreign tax credits – how to claim a foreign credit was issued on 22 December 2021 and sets out how to claim a foreign tax credit on...
NZ SPS 16/04 shortfall penalty payment / losses

NZ SPS 16/04 shortfall penalty payment / losses

New measures come into effect from 1 November 2016 with respect to the ability of a New Zealand taxpayer to apply tax losses to a shortfall penalty imposed by the Inland Revenue Department. Standard Practice Statement SPS 16/04 enables a taxpayer to elect to utilize...

Tax Policy Work Underway in New Zealand

It is interesting to observe the Inland Revenue Department’s policy programme, which is currently focussing on three key areas:   1. Business transformation; 2. BEPS and international tax reform; and 3. further improvements and enhancements to tax and...