Tax Alert 

Capital gains tax on shares? Inland Revenue proposes changes to Employee Share Schemes

Late last year Inland Revenue raised some alarm when it issued a Revenue Alert indicating that it had concerns over various employee share schemes, going so far as suggesting they may constitute tax avoidance.  They have now released an Officials’ issues paper to seek feedback on proposals to significantly change the rules relating to the taxation of employee share schemes.

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Also in this issue

• GST on “remote” services – additional guidance released
• Inland Revenue finalise guidance on computer software acquired for use in a taxpayer’s business
• Snapshot of recent developments