Late in 2014, we commented on the IRD’s position on the availability of foreign tax credits for New Zealand tax residents, with respect to United States-sourced pensions. The current situation gives rise to double taxation with respect to pension income arising...
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...
In a much-anticipated move, the Policy Advice Division of Inland Revenue and the New Zealand Treasury released an Officials’ issues paper last week on the Taxation of Foreign Superannuation. We welcome the release of the paper, which signals some fundamental...
We have just published our February newsletter. If you are not receiving our newsletters by email and would like to, please sign up using the form in the footer of this website. Topics for February include: 1. IRD’s new debt collection initiative 2. Gross income...
Not only the IRS but the IRD is on the warpath as well, announcing its policy as regards the collection of outstanding debt and unfiled tax returns today. IRD advises that additional funds have been granted by the government for outgoing calls to delinquent taxpayers....
