The Taxation (Business Tax, Exchange of Information, and Remedial Matters) Bill (‘bill’) was recently introduced in New Zealand. The bill contains a number of proposed amendments to the Income Tax Act and the Tax Administration Act. From an international...
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...
June 2015 has seen a hive of activity by the government with respect to proposed changes to New Zealand’s tax system. Activity included the introduction of two new bills. Here’s a snapshot of the activity that occurred during the month: 30 June: The...
Foreign superannuation bill report back to Parliament On 28 November 2013 the Finance and Expenditure Committee reported back to Parliament on public submissions made regarding the Taxation (Annual Rates, Foreign Superannuation, and Remedial Matters) Bill. The Bill...
