by Munro Benge | Apr 18, 2019 | Newsletters, Property, Technical Updates
The current Labour-led Coalition Government will not proceed with the capital gains tax recommended by the Tax Working Group. The Prime Minister, Jacinda Ardern, said that the three parties in Government had been “unable to find a consensus”. She expressed regret that...
by Munro Benge | Mar 21, 2019 | Newsletters, Technical Updates
Inland Revenue’s business transformation – are you keeping up? In an increasingly digital world, it is no surprise that Inland Revenue has embarked on a multi-million dollar transformation of its technology and processes spanning several years. The project is being...
by Munro Benge | Mar 13, 2019 | Technical Updates
The High Court has dismissed a challenge to the Commissioner’s assessment in a multi-million dollar tax avoidance case involving Mr Eric Watson’s New Zealand company, Cullen Group Ltd (Cullen Group). In moving to the United Kingdom in 2002, Mr Watson restructured a...
by Munro Benge | Mar 7, 2019 | Newsletters, Technical Updates
Payday filing We have mentioned this in the past, but don’t forget payday filing for employers is compulsory from 1 April 2019. Please contact us if you need any help with complying with the new process and rules. Minimum wage glides closer to $20 More than 200,000...
by Munro Benge | Mar 6, 2019 | Newsletters, Technical Updates
In an address to the International Fiscal Association’s (IFA’s) conference on 1 March 2019, the Minister of Revenue, the Hon Stuart Nash, focussed on the Tax Working Group’s recommendations and the next steps, the Government’s tax policy work programme, and Inland...
by Munro Benge | Feb 22, 2019 | Technical Updates
The Tax Working Group’s report was released on the 21st February 2019. It made the following key recommendations with regards to the New Zealand tax system: Capital gains tax: Extend the existing coverage of taxing capital gains. Eight of the 11 members of the TWG...
