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Features News Articles and Reports − keeping you up-to-date with local and international tax-related matters.
Taxation Bill includes 3 new measures…
New measures to introduced in the latest Taxation Bill include Residential Land Withholding Tax, GST on Online Services, and Student Loans. Gina Wallace explains.
New Zealand Bright-line bill receives Royal assent
NZ’s Taxation (Bright-line Test for Residential Land) Act is a tax on residential property held with the intention to make a profit. Gina Gatchell explains.
NZ tax administration simplification proposals
NZ released two policy proposals for simplifying tax administration: ‘Towards a new Tax Administration Act’ and ‘Better administration of PAYE and GST’. Gina Gatchell explains…
NZ Bright-line bill passes second reading
The Taxation (Bright-line Test for Residential Land) Bill passed its second reading in Parliament. Gina Gatchell explains the tax implications.
Information Reporting Program Advisory Committee Annual Report 2015
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...
Gina Wallace – Qualified Auditor, NZICA
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.
NZ & US Competent Authority Arrangement signed and in force
The Tax Policy Advice Division of New Zealand’s Inland Revenue released news on October 15 2015, that a Competent Authority Arrangement (Arrangement) has been signed by the Competent Authorities of New Zealand and the United States.
IRS releases Revenue Procedure 2015-50
Revenue Procedure 2015-50 updates the list of countries the IRS deems appropriate the US has an automatic exchange of information relationship with.