Tax Alert

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December 2023 - Tax Alert

• Tax issues for new Government

• It’s back, but in reality, it never left – return of the 'app tax'

• That’s FBT, not entertainment, right?

• Inland Revenue Annual Report 2022-23 – something to add to your summer reading list?

• Inland Revenue reports back on trust disclosure data

• Inland Revenue’s recent spotlight on the GST treatment of subdivision projects

• Snapshot of recent developments

November 2023 - Tax Alert

• Tax cuts may be around the corner...but say goodbye to EV rebate

• Inland Revenue takes on FIF feedback in revised consultation document

• Reductions in shortfall penalties, the downward trend continues…. but for how long

• Five years living with the Restricted Transfer Pricing Rules

• Finalised Inland Revenue guidance on deductibility of SaaS-related costs

• Snapshot of recent developments

October 2023 - Tax Alert

• FBT exemption for bikes - where to start

• Insights from Inland Revenue's 2022 International Questionnaire - transfer pricing risk management

• To Trust or not to Trust

• Will the Business Payment Practices Regulations affect you?

• Deloitte wins big in the 2023 ITR Asia-Pacific Tax Awards

• Snapshot of recent developments

September 2023 - Tax Alert

• Let’s get fiscal: Tax and the 2023 election

• The removal of tax depreciation on non-residential buildings

• A business lens on taking GST off fruit and vegetables

• A parting gift: Digital Services Tax Bill

• Do you operate a Customs Controlled Area? Expect a Customs Officer to visit you soon

• Inland Revenue: friend or Foe?

• You’ve got AIL

• Snapshot of recent developments

August 2023 - Tax Alert

• Would your tax governance framework stand up to a review or audit?

• Taxation Principles Reporting Bill one step closer to law

• Cashflow for trailblazers: Inland Revenue’s guidance on the R&D Loss Tax Credit Regime

• Should a giveaway come with a tax bill?

• Accounts payable practices to be disclosed from 2024

• Snapshot of recent developments

July 2023 Tax Alert

• Can I register for GST when I provide director services through a company?

• A cautionary tale of why it’s important to have correct GST documentation

• Australian GST: Does your New Zealand business need to register?

• ATO issues new ruling on tax resident tests for individuals

• GloBE rules: One step at a time

• Snapshot of recent developments

June 2023 Tax Alert

• Tax Bill contains a number of remedial changes to help taxpayers

• Implications of the 39% trustee tax rate

• What is the purpose of the Tax Principles Reporting Bill?

• 2023 Mileage reimbursement rates – what you need to know

• Bright-line and interest limitation changes – what a (rollover) relief!

• Australian citizenship – be careful what you wish for!

• Unlocking opportunities: is your business ready for the NZ-UK free trade agreement?

• Raising capital in the United States – to flip or not to flip

• Carbon import tariffs: shaping global trade in the fight against climate change

• Snapshot of recent developments

May 2023 Tax Alert

• Wealth report – a fruit salad of information
• Recapping Deloitte’s April 2023 FBT and employment taxes webinar
• Inner-city bolthole? Tenants funding your OE? Inland Revenue sets straight the main home exclusion to the bright-line test
• Earlier access to cash for some R&D Tax Incentive applicants
• When Cash is King, consider checking your approach to GST
• Cross-border and remote workers – NRCT reporting rules out, taxpayer favourable rule changes in
• Income tax and GST treatment of grants clarified
• Turning the compliance screws on FATCA and CRS
• Snapshot of recent developments

April 2023 Tax Alert

• New tax year, new tax legislation

• New FBT exemptions for bikes and public transport explained

• Tax bill update – residential property rules

• Treatment of land holding costs explained by Inland Revenue

• Leveraging the new taxable supply information requirements

• Complicated, confusing and misunderstood…GST apportionment rules are changing

• GST and short stay accommodation

• A little bit SaaSy

• Snapshot of recent developments

March 2023 Tax Alert

• Taxing issues with insurance claims

• Are you ready for another tax year-end?

• Director and Board fees under the GST microscope

• Tax treatment of working from home and telco allowances confirmed again

• Post reflection of Frucor

• Is GST a bread and butter issue?

• Stop press: tax bill progresses

• Snapshot of recent developments

February 2023 Tax Alerts

• Business interruption insurance claims – tips to assist the processing of your claim
• What does Deloitte’s Global Remote Work Survey mean for New Zealand?
• “Hey Boss, can I work remotely….offshore?”
• What happens if you fail to disclose FIFs?
• Inflation and personal tax bracket creep – a bigger picture
• Don’t cry about UOMI
• Tax Governance is here to stay
• ESSTs – what are they and why there is no place for them in the tax system
• Snapshot of recent developments
  
  
   

December 2022 Tax Alerts

• Can I carry forward my tax losses?

• Self-employed tax deductions in the spotlight

• Accounts payable and receivable practices under the spotlight

• Automatic transfer of business income details on the way

• The christmas tax conundrum

• Snapshot of recent developments

November 2022 Tax Alert contents

• Excess tax for excess profits

• Cash-flow pressures to be helped by R&D Tax Incentive improvements

• Trading in crypto? Prepare to be reported!

• The missing link between Sustainability & Climate and Tax

• Evening the playing field - GST changes coming for holiday accomodation

• Snapshot of recent developments

October 2022 Tax Alert contents

• Frucor Suntory New Zealand Limited v Commissioner of Inland Revenue: the final destination, or just the beginning?

• “You have mail” – what to expect from Inland Revenue

• Will your transfer pricing documents stand up to increased scrutiny?

• Trans-Tasman tax rules for the platform economy

• Are you a new or returning New Zealander expecting a baby? – Then the Best Start credit may not be a good start for you

• Snapshot of recent developments

September 2022 Tax Alert contents

• The new tax bill has something for everyone

• Substantial ‘Platform Economy’ changes proposed

• Bringing workers to New Zealand? Taxing rules to be modernised

• Significant GST apportionment changes on the horizon

• The future of GST - taxable supply information

• Dual resident companies get some relief under proposed tax changes but watch out! There may also be tax to pay!

• R&M on the residential property rules

• Questions over FBT regime

• Expanding your business offshore? Here’s what you need to know about transfer pricing

• Insights from Inland Revenue’s International Questionnaire campaign. Are you in the expected normal range?

• Snapshot of recent developments

August 2022 Tax Alert contents

• Asset stripping arrangements and Inland Revenue’s tax recovery provisions

• Considering business expansion into New Zealand?

• Tax Debt: Getting out of the red

• Bringing overseas talent into New Zealand? Visa rules set to change

• Snapshot of recent developments

July 2022 Tax Alert contents

• GST - Getting your system ready for 1 April 2023

• What tax reform to expect through to Election 2023

• Allowances for additional transport costs

• FBT: Common errors and how to prevent them

• Plan some overseas travel – but plan for tax as well

• Overseas Investments - Offshore is not off-limits

• Property tax trap – a cautionary tale for co-ownership

• Snapshot of recent developments

June 2022 Tax Alert contents

• 2022 mileage reimbursement rates published

• FAQ’s on the Cost of Living Payment

• Tax Considerations for Residential Land Owners

• The disputes resolution process - an amalgamation or real changes

• OECD Pillar Two: Global Anti-Erosion Model rules for New Zealand

• Snapshot of recent developments

May 2022 Tax Alert contents

• Inland Revenue trust disclosure release

• Managing upcoming provisional tax payments

• Top 10 mistakes when expanding overseas

• Claimed government support? What comes next?

• Snapshot of recent developments

April 2022 Tax Alert contents

• Dividend Integrity proposals - another wolf in sheep’s clothing?
• Are small business owners paying their fair share of tax?
• Trust disclosure rules a step closer to reality
• New Tax Act – Summary of Changes
• Residential Land – where are we now
• New FBT option to save some compliance costs
• GST Act gets some amendments
• Consultation on GST apportionment rules and the gig economy
• Research and Development Tax Incentive – Guidance on claiming software development R&D and upcoming due dates
• Appreciating depreciating buildings
• Trends in Shortfall Penalties
  
• COVID-19 Updates
• Snapshot of recent developments

March 2022 Tax Alert contents

• Tax Governance: How do NZ taxpayers stack up against Inland Revenue’s expectations and what are Inland Revenue doing next?
• A glance over the Tasman Sea for future GST compliance activity in NZ
• COVID-19 Support Payments Explained
• A New Zealand Income Insurance Scheme – What does this mean?
• Going digital
• Fringe Benefit Tax season is coming – helpful tips and tricks to surviving Quarter Four FBT returns
• Draft COVID-19 guidance provides a refresher on tax deduction rules
• 10 Tax System Insights
• Snapshot of recent developments

February 2022 Tax Alert contents

• Isolating staff drive entitlements for Leave Support Scheme and Short-Term Absence Payment
• Red Alert: What this means
• Mind your taxes, when thinking about vaxes
• Are you remote working in New Zealand for a foreign employer? Inland Revenue’s finalised view
• Tax fact or fiction?
• Navigating the world of non-cash dividends
• New guidance from Inland Revenue on foreign exchange rates
• Charities and Donee organisations
• When is interest not interest but is income?
• New Regional Comprehensive Economic Partnership takes effect
• Hybrids rules and BEPS disclosures for 2021 tax returns: understanding your obligations
• Snapshot of recent developments
  
  
  
   

October 2021 Tax Alert contents

• Something for everyone in the new tax bill
• GST reforms: GST is moving into the digital age and other remedials proposed
• Property tax details revealed
• Tax rules are catching up with cryptoassets
• New FBT rate option announced – but how helpful is it?
• COVID-19 Updates – October 2021
• Tax Governance: Inland Revenue’s latest compliance campaign
• Economic income and tax on a collision course? Inland Revenue’s effective tax rate project is about to start
• IBOR reform - time to check the tax impact
• Snapshot of recent developments

December 2021 Tax Alert contents

• COVID-19 Some business support gets a red light
• Removal of Depreciation Rate Finder
• Clough v Commissioner of Taxation: A Lesson in Poor Execution?
• Physical or virtual Christmas celebrations: what employers need to remember
• Extreme tax powers could be used for almost anything
• Will Technical Decision Summaries help with Inland Revenue decision making transparency?
• The false economy of working quickly
• Snapshot of recent developments
  
  
  
   

November 2021 Tax Alert contents

• Significant reporting and disclosure changes looming for New Zealand trusts
• Income tax implications for capital gains distributed to New Zealand beneficiaries through Australian discretionary trusts
• The property parent trap
• PAYE and NRCT simplification coming for cross-border workers
• Are my debt levels subject to the Arm’s Length Test?
• Updated political agreement on global tax reform
• Operational Taxes update: New W-8 series forms – are you ready?
• Snapshot of recent developments
  
  
  
   

September 2021 Tax Alert contents

• COVID-19: What government support is available for businesses?
• Objective and subjective factors to consider before claiming a wage subsidy
• Managing tax filings, payments and cashflow in light of COVID-19
• Running a business with ongoing border uncertainty
• COVID-19 Tax considerations for a locked down workforce
• How confident are you in your transfer pricing?
• Snapshot of recent developments

August 2021 Tax Alert

• What’s on the tax policy agenda?
• Extra tax could be payable on Australian software sales
• New OIO rules require acquisition structure and other tax-related information to be provided up-front
• Balancing risk and control in a COVID-19 world
• Are you ready for shovel-ready?
• Can I claim my lunch as a tax deduction?
• The great ute FBT debate
• Government moves to collect more bulk data from payment service providers
• The Inland Revenue FIF calculator still missing in action
• Snapshot of recent developments
  
  
   

July 2021 Tax Alert

• EVs, car fees, and the role of tax in the path to net zero
• Alert Level 2 again: What this means
• Property tax consultation launched
  
• Practical guidance on the purchase price allocation rule
• Volatility in price of Bitcoin raises tax questions
• Tipping point: Business leaders embrace a new role for the tax function
• Progress towards a multilateral solution in international taxation
• Snapshot of recent developments
  
  
   

June 2021 Tax Alert

• New business continuity test – Inland Revenue releases guidance
• Intra-group service charges – are your group’s processes up to date?
• The wage subsidy debate continues… over a year on, was the scheme a success? And are you safe from audit?
• Advantage sports: being a team player can reduce your tax bill
• Are your records up to standard?
• Mileage reimbursement rates – what you need to know
• Snapshot of recent developments

May 2021 Tax Alert

• Inland Revenue is watching your residential property
  transactions
• Research and development tax incentive – New guidance and deadlines, you might be back in the running for a 15% credit
• Loss carry back rules – is it too late to get the benefit?
• Data analytics - Inland Revenue loves it, how can you make it work for your business?
• Time to review your Employer Superannuation Contribution Tax rates
• Taxing Social Media
• Do you know who can sign your corporate tax return?
• Snapshot of recent developments
  
   

April 2021 Tax Alert

• Changes to the property tax landscape
• Latest tax legislation solves some problems you didn’t know you had
• Feasibility issues no more?
• OMG my tax return is wrong
• Is tax pooling still relevant for managing your tax payments?
• Recapping Deloitte’s FBT and employment taxes webinar – key things you need to know under the 39% rate
• Snapshot of recent developments

March 2021 Tax Alert

• What are the tax obligations which come with claiming COVID-19 Government support?
• The tax cost of your fringe benefits is about to increase
• The new 39% tax rate puts tax structuring back into the spotlight – why it may be time to talk about tax avoidance
• Are you ready for the new Trust Disclosure Rules?
• Good news for businesses with new shareholders
• GST and agency, are you doing it right or is there a hidden cost?
• Counting down to the new year
• Snapshot of recent developments
  
  
  

February 2021 Tax Alert

• COVID-19 backup support for business revealed
  
• Revised Inland Revenue guidance on tax avoidance – Happy New Year?
  

• R&D Tax Incentive Regime – Planning for the year ahead
  

• What’s new in the world of GST?
  

• Inland Revenue and OECD provide further guidance on COVID-19 related transfer pricing issues
  

• How do continued COVID-19 border restrictions impact tax
  

• More guidance on cryptoassets – hard forks and airdrops explained
  

• Snapshot of recent developments

December 2020 Tax Alert

• Tax rate change enacted along with big-brother information gathering powers
  
• Inland Revenue steps up activity on taxing house sales

• Christmas parties and gifts – Entertainment or FBT or PAYE?

• Just returned to New Zealand? What you need to know about capital gains tax

• Small business cashflow loan scheme

• Restricted transfer pricing – evolving complexities

• Double taxation disputes – good things take time…

• Snapshot of recent developments

November 2020 Tax Alert

• What a new Government and Minister of Revenue means for tax
  
• Have you been investing in cryptocurrency? Be prepared as Inland Revenue is coming for you!
  
• Does your new share market habit come with a tax bill?
  
• Australia re-thinks corporate tax residence
  
• Will a Digital Services Tax proceed in New Zealand or has the OECD done enough?
  
• User beware – Inland Revenue’s FIF calculator has not been calculating FDR income correctly
  
   

October 2020 Tax Alert

• Election 2020 – What role does tax have to play?
• So, you claimed the wage subsidy, now what?
• R&D Tax Incentive Regime – Where are we at?
• Tax Governance, are you ready?
• Frucor: Commercial and economic reality is in the eye of the beholder
  
• Snapshot of recent developments
  
   

September 2020 Tax Alert

• COVID-19: Practical information about the Wage Subsidy and Leave Support Schemes
• Further UOMI relief available for some provisional taxpayers for the 2021 year. Will you qualify?
• Infrastructure tax: a new focus on internal employee capital cost
• COVID-19 represents unique opportunity for businesses to reconsider their options when it comes to motor vehicles
• Inland Revenue provides initial guidance on COVID-19 transfer pricing issues
• Update on working from home allowance
• Snapshot of recent developments

August 2020 Tax Alert

• Are you remote working in New Zealand for a foreign employer?
• I’m returning to New Zealand, what does this mean from a tax perspective?
• When does a smoke alarm stop being a smoke alarm?
• COVID-19: Preparing for a wage subsidy audit – Would your business be ready?
• Update to Inland Revenue’s administrative guidance on small value loans
• Inland Revenue’s Interpretation Statements on overseas residential rental properties finalised
• Keeping up to date with GST developments
• Could you be eligible for a diesel road user charges refund?
• Snapshot of recent developments
   

July 2020 Tax Alert

• June tax bill – a mixed bag
• Welcome relief for taxpayers: the next chapter in the feasibility journey
• Purchase price allocation: A square peg for a round hole
• Land sales changes – are you in a regular pattern?
• Changes are on the way for the income tax treatment of leases subject to NZ IFRS 16
• R&D tax credits – latest developments and key considerations
• Operational taxes update: FATCA & CRS, QI and Investment Income Reporting
• Airbnb hosts, holiday home owners – have you got your head around the complexities of GST?
• COVID-19 - Infrastructure and tax: Shovels ready
• COVID-19: The latest wage subsidy information
• Snapshot of recent developments
   

May 2020 Tax Alert

• COVID-19: Loss carry-back rules – fine in theory, but watch for fishhooks
• COVID-19: Employment tax updates for a remote workforce
• COVID-19: What impact will COVID-19 travel restrictions have on your company’s tax residence?
• COVID-19: Practical relief from consequences of COVID-19 travel restrictions for individuals
• COVID-19: Customs Considerations for Exports and Imports
• Information is Key: The proposed tax-related amendments to the Overseas Investment Act 2005
• There’s more to overseas rental properties than meets the eye
• Employee or independent contractor? 
• COVID-19: Common questions in relation to the Wage Subsidy Scheme, the Extended Wage Subsidy Scheme and the Small Business Cashflow Loan Scheme
• Snapshot of recent developments
  
  
  
  

April 2020 Tax Alert - COVID-19 special

• Cross-border workers and tax considerations
• Employment tax considerations
• Questions and answers on upcoming tax payments in light of COVID-19
• R&D tax credit broader refundability
• Reintroduction of tax depreciation on certain buildings
• Summary of the Wage Subsidy Scheme and Essential Workers Leave Support Scheme
• Tax reform measures included as part of Business Continuity Package
• Transfer pricing considerations in light of COVID-19
  
  
   

Special Edition Tax Alert - March 2020

• Tax considerations resulting from COVID-19 and business disruption
  

March 2020 Tax Alert

• GST issues paper proposes some much needed R&M to the GST Act
• Another year over, and a new year just begins
• OECD guidance on financial transactions finalised
• How healthy is your tax compliance for your rental property?
• Update on OECD Base Erosion and Profit Shifting measures
• Snapshot of recent developments
• Deloitte Tax Calendar - Last call

February 2020 Tax Alert contents

• Purchase price allocation: Using a sledgehammer to crack a chestnut
• R&D tax credits – an ever evolving regime, even before first returns are filed
• Are you aware of changes to the taxation of telecommunication and travel allowances?
• Happy New Year – a taxpayer (pyrrhic) victory, and a refresher on Parliamentary sovereignty
• Snapshot of Recent Developments

December 2019 Tax Alert contents

• Inland Revenue: “No place to hide overseas income”
• “You Do The Math” – 10 Simple Ways to Keep Inland Revenue Away
• Corporate Tax Governance – From the Top Down… 
• Tax Policy: What to expect in the twenties
• Don’t hold back; investment income reporting is almost 
• OECD consults on “GloBE” global minimum corporate tax rate
• Snapshot of Recent Developments

November 2019 Tax Alert contents

• OECD proposes a “unified approach” to addressing the digitalisation of the economy
• New compulsory online BEPS disclosure forms now required!
• Stop Press: Inland Revenue releases Multinational Compliance Focus
• Thin capitalisation calculations in a BEPS world
• Attention Wholesalers & Distributors – Are you part of the chosen few?
• Provisional tax changes: Two years on
• Uncertain tax positions – it’s now time to report these in your financial statements
• Deducting holding costs for privately used land that is taxable on sale
• Snapshots of recent developments

October 2019 Tax Alert contents

• Business Tax changes announced
• Habitual buying and selling of land – what is a regular pattern?
• Protecting the tax base at a limited compliance cost
• Is Australia re-thinking the scope of their corporate residence rules?
• New draft interpretation statement clarifies when foreign sourced distributions may be subject to tax as foreign trust distributions
• Glencore case – A transfer pricing win for taxpayer
• Recent developments

September 2019 Tax Alert contents

• What's on the tax policy work programme
• A stick and carrot approach: FATCA, CRS and QI update
• Customs is also interested in your transfer pricing 
• Taxing telecommunication tools
• Mileage reimbursements revisited - again!
• Follow the rules when deducting bad debts
• Recent developments
• Deloitte Insights app 

August 2019 Tax Alert contents

• Updating a PIR and (further) KiwiSaver changes
• Does travel to work come with a tax bill? 
• A new way to calculate your home office costs
• Have your say on vacant land tax
• Tweaks and realignments in the latest tax bill
• Snapshot of recent developments

July 2019 Tax Alert contents

• R&D tax credits - new developments
• New Zealand outlines its proposal for a digital services tax
• Changes to the collection and use of investment income information
• Ring-fencing residential rental property losses
• Snapshot of recent developments
• IRD numbers required for all property transactions

June 2019 Tax Alert contents

• How are you affected by new individual tax assessment regime?
• Cautionary tale of GST in land transactions
• IR and ATO release administrative approach to determining residence
• What’s the buzz with tax and charities?
• KiwiSaver – flexibility, suspensions, and those over 65
• Tax Bill returns from the Finance and Expenditure Committee with modifications
• Depreciation myths debunked
• GST legislation one step closer to enactment
• GST obligation changes for digital services to Singapore
• Correcting errors under s. 113 update
• Snapshot of recent developments

May 2019 Tax Alert contents

• Beware of common FBT pitfalls  during FBT season
• What is next for the tax system?
• Shareholder/employees: Be careful how you pay yourself
• Chatfield Court of Appeal decision 
• Permanent Establishment anti-avoidance guidance finalised 
• Snapshot of Recent Developments: May Tax Alert

April 2019 Tax Alert contents

• R&D tax credits – where are we now? 
• New DTA between New Zealand and China signed
• Happy New Tax Year – what you need to know in April 2019 
• Special powers to remedy legislative anomalies re-introduced
• A Snapshot of Recent Developments

March 2019 Tax Alert contents

• Taxing your Airbnb and family bach
• Changes for residential rental owners from 1 April 2019
• Tax is changing - for everyone
• How will a CGT affect your lifestyle block or home office?
• The Commissioner can't have her cake and eat it too...
• Interim digital services tax to be implemented ahead of OECD work
• A Snapshot of Recent Developments

February 2019 Tax Alert contents

• Payday reporting is just around the corner
• Guidance on tricky provisional tax issues released
• Tax reform bill progresses
• Inland Revenue goes back-to-basics

• New rules for companies with Australian connections
• A Snapshot of Recent Developments

December 2018 Tax Alert contents

• Merry Tax-mas
  

• Only pay your family what they're worth

• A Snapshot of Recent Developments
  
  
  
  

November 2018 Tax Alert contents

• GST on low-value imported goods: Details of proposed regime released

• R&D Tax Incentive Bill introduced to Parliament

• Multilateral Convention enters into force in respect of New Zealand

• A Snapshot of Recent Developments
  
  
  

October 2018 Tax Alert contents

• Government announces R&D tax incentive scheme details
• Shining a light on the Tax Working Group Interim Report
• Payday reporting for employers and intermediaries is going digital … Are you ready?
• Accounting for deferred tax on employee share schemes
• Global Tax Reset - Transfer Pricing Documentation Summary
• A Snapshot of Recent Developments
  
   

September 2018 Tax Alert contents

• IRD guidance on withholding tax for non-resident directors fees
• GST change for non-profit organisations: Inland Revenue’s proposals released
• Transfer pricing: developments in debt pricing 
• BEPS guidance released to provide clarity 
• Automatic refunds and new tax return rules for individuals 
• Recent developments
  
   

August 2018 Tax Alert contents

• Modernising tax administration 
• Statement on reimbursement of mileage costs finalised
• Inland Revenue released guidance on tax treatment of resource consents 
• Inland Revenue focusing on purchase price allocations 
• Is remuneration paid in cryptocurrency subject to PAYE and FBT? 
• Recent developments
  
   

July 2018 Tax Alert contents

• New Zealand companies may be Australian resident under ATO ruling  
• Stop press – June Tax Bill introduced
• Do employee health insurance premium payments go through FBT or PAYE?  
• Have you considered the tax implications of changing financial reporting standards?
  
• Customs best practice: a timely reminder
• BEPS bill passes with small last minute changes 
• Recent developments
  
   

June 2018 Tax Alert contents

• Parliament reports back on BEPS changes 
• A major GST change in the wind for non-profit organisations 
• Budget 2018: what does it mean for tax?
• IRD releases guidance on tax reforms 
• Time to claim a tax credit for donations 
• Deloitte wins at Asia tax awards
• Recent developments

May 2018 Tax Alert contents

• New Zealand GST on low value imported goods announced
• Buyer beware: ring fencing may be here 
• Australia’s GST on low value goods - what you need to know 
• Research & development tax incentive 
• Employee Share Schemes – It’s time to act 
• Are you ready to file your final FBT return? 
• Post-BEPS transfer pricing legislation refresh requires taxpayer action
• How non-residents can get an IRD number without a bank account 
• Have your say on taxing short-term accommodation 
• Recent Developments 

April 2018 Tax Alert contents

• New rules for employers reimbursing employees’ mileage costs
• Inland Revenue issues the first Large Enterprises Update of 2018  
• Don’t forget your GST entertainment expenditure adjustment 
• Have your statutory filing obligations changed?
• Do you have assets used for making both taxable and non-taxable supplies? 
• Tax Working Group – submissions are open 
• A snapshot of recent developments
  
   

Tax Alert March 2018 Contents

• Extension of the bright-line test to five years
• Are you ready for tax year-end? 
• April Bill moves towards enactment
• Imports Into Australia – GST Changes
• Snapshot of recent developments
  
   

Tax Alert February 2018 Contents

• US tax reform – what does it mean for New Zealand? 
• If you found a Bitcoin under the Christmas tree, should you be worried about tax a bill?  
• High Court not satisfied that power to issue section 17 notices was lawfully exercised  
• Results of Inland Revenue binding rulings survey 
• Recent Developments
  
   

Tax Alert December 2017 Contents

• BEPS proposals now before New Zealand Parliament
  
• Terms of reference announced for Tax Working Group 
• R&D Tax Credits: Reflections from New Zealand and Australia  
• Is AIM the right provisional tax method for you?  
• GST on online shopping – the holiday is coming to an end  
• Proving arm’s length pricing is set to become a taxpayer’s burden 
• Impact of changes to the look-through company rules 
• Are your GST processes and controls up to scratch? 
• Recent tax developments

Tax Alert November 2017 Contents

• When does new building fit-out make the building sale taxable?
• Tax policies of the coalition government 
  
• Dealing with uncertain tax position in your accounts 
• Dealing with uncertain tax positions in your financial statements
• A snapshot of recent developments  

Tax Alert October 2017 Contents

• GST on Mortgagee Sales  
• OECD adds complexity and uncertainty to intangible property pricing
• New Customs law to be implemented next year – how prepared is your business
• High Court provides guidance on shortfall penalties  
• Country-by-Country Reporting: What is your risk profile?
• A snapshot of recent developments

Tax Alert September 2017 Contents

• New Zealand makes BEPS announcements
• Deloitte 2017 BEPS Global Survey
• Election 2017
• Do your contracts comply with the new Transfer Pricing Guidelines
• Inland Revenue targeting FBT – Are you ready?
  
• Get your GST matters right before settlement
• Survey shows room for improvement in the way New Zealand taxes business
• A snapshot of recent developments

Tax Alert August 2017 Contents

Is there any benefit to tax pooling under the new provisional tax rules?

Better administration of Social Policy 

Do you have unpaid PAYE relating to employees coming to New Zealand in the short term? 

Do you know how to withhold tax from directors’ fees?   

A snapshot of recent developments

Tax Alert July 2017 Contents

Making tax simpler for individuals

CRS goes live

New MLI and what it means for NZ businesses

Binding rulings regime - proposed changes

High Court rules on tax sparing provision in treaty with China

A snapshot of recent tax developments

 

Tax Alert June 2017 Contents

Material advancement and tangible progress on feasibility expenditure

New Zealand implications of Australian debt pricing decision

Good news: resident withholding tax compliance issues relating to dividends are now resolved for companies

Business Transformation – where are we now?

GST best practice: a timely reminder

Mileage rate released by Commissioner of Inland Revenue

A snapshot of recent tax developments

 

Tax Alert May 2017 Contents

Employee Share Schemes – time to revisit loan and bonus arrangements?

Gearing up for FBT season…

Closely held companies – changes to LTC eligibility and tainted capital gains

Start preparing for changes to investment income

Widely held share schemes – proposed changes announced

Determining the “value” of shares received by an employee under a share purchase agreement

The new related party debt remission rules

Tax-free capital gain, or taxable land sale?

A snapshot of recent developments

 

Tax Alert April 2017 Contents:

• Business Transformation steamrolls on
• Beware the hidden traps in the new foreign trust disclosure rules
• When did I buy my land?  Inland Revenue explains.
• Withholding tax reforms for branches
• Are you ready for the new withholding tax rules?
• A snapshot of recent developments

Tax Alert March 2017 Contents:

• A trifecta of BEPS reforms
• New use of money interest rules for provisional taxpayers
• Are you ready for all the tax changes coming?
• Employee share schemes – new reporting and withholding obligations. Are you ready?
• Feasibility expenditure – how the law applies (at the moment)
• Time to get organised for tax year-end
  
  A snapshot of recent developments
• Basic compliance package process - update
• Deloitte Tax Calendar – Last call
  
   

Tax Alert February 2017 Contents:

• No tax holiday for short term rental accommodation
• Why New Zealand is unlikely to introduce a diverted profits tax (as such)
• Does complying with complex tax rules for motor vehicles drive you crazy?
• Making Tax Simpler: A New Tax Administration Act  
• Proposals to exclude services provided to non-residents in connection with land from being GST zero-rated are causing uncertainty 
• Reforms for Non Resident Withholding Tax and Approved Issuer Levy 
• A snapshot of recent tax developments 
• Deloitte Tax Calendar - order yours now
  
   

Tax Alert December 2016 Contents:

• Timely revised guidance on deductibility of certain earthquake related costs
• Closely held companies bill reported back with significant changes
• Charitable change to the FBT rules? Depends on your facts
• Business tax simplification measures are a step closer
• Calculating “market rental value” on employee accommodation – guidance finally released 
• R&D tax credits – our experience to date 
• IR’s Operational Guidelines: Pre-Litigation Settlements
• What’s on the Tax Policy Agenda?
• A snapshot of recent developments
  
   

Tax Alert November 2016 Contents:

• Compliance Focus for Multinational Enterprises 
• PAYE Reporting proposals finalised 
• Farmers to face increased compliance costs
• Facts and figures as Inland Revenue reports on its performance
• Australian GST to apply to low value goods from 1 July 2017
• A snapshot of recent developments

Tax Alert October 2016 Contents:

• It’s feasible that feasibility expenditure may still be deductible… sometimes
  
• Thinking of gifting food and drink for Christmas? Be aware! 
• Further consultation on employee share scheme proposals
• Tax residency: Life after Diamond - the new era begins
• Government releases significant and complex proposals to tackle hybrid mismatch arrangements 
• A snapshot of recent developments   

Tax Alert September 2016 Contents:

• More tax legislation served up to taxpayers
• Foreign trust reform legislation introduced
  
• CRS: Are you ready?
  
• Commissioner of Inland Revenue v Vector Limited
  
• A snapshot of recent developments

Tax Alert August 2016 Contents:

• Supreme Court delivers Trustpower decision
• Undeveloped software taxation
• Safe Harbours for Trans-Tasman related party loans
• Employee share schemes?  New PAYE rules will impact you 
• Making tax simpler… for some
  
• Inland Revenue targeting language schools on GST issue
• Will the Commissioner be an unlikely beneficiary of the unitary plan?
• A snapshot of recent developments 

Tax Alert July 2016 Contents:

• Taxing multinationals – What exactly is New Zealand doing about it?
• New Zealand trust disclosure rules: Not fit for purpose but fixable
• Update on GST on low value goods
• Withholding tax now applies to bright line residential land sales by offshore vendors
• Government sets out framework for taxing inbound investment
• A snapshot of recent developments

Tax Alert June 2016 Contents:

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

Tax Alert May 2016 Contents:

• Tax Bill – Reforms galore
• 31 May is fast approaching - It’s time to focus on FBT
• Australian Budget – how might New Zealand’s budget compare?

Special Tax Alert April 2016 Contents:

• Government announces measures to make tax simple

On 13 April 2016, as part of the Business Growth Agenda, the Government announced a raft of tax changes which will have an effect on businesses both small and large.

The changes that are likely to impact positively on many taxpayers are in relation to provisional tax and use of money interest regimes.  As a result, many businesses will soon fall outside of the use of money interest regime, while small and medium sized businesses will be able to pay provisional tax based on accounting income on a real-time basis (i.e. aligning tax payments with when income is earned).

Tax Alert April 2016 Contents:

• Outsourcing payroll compliance overseas? Beware the risks
• GST on “remote” services
• The rise of holiday pay woes
• A step in the right direction – relaxation of the bank account requirements for IRD number / GST applications
• FBT errors – we are only human after all, right?
• Use of money interest rates to reduce

March 2016 Tax Alert

• Inland Revenue audits are fun and friendly! – Or so Inland Revenue’s latest video suggests
• Engaged in R&D? The R&D loss tax credit regime is a go!
  
• What information should you file with your tax return?
  
• Comical Australian employee deduction case highlights New Zealand’s pragmatic rules
• Peering into tax: bad debts and P2P lending
  
   

February 2016 Tax Alert

• Collective agreements and employee allowances – are they taxable or exempt?
• Implementing changes to transfer pricing documentation arising from BEPS actions
• Taxpayer wins important residency case against Inland Revenue
• Proposed deduction denial for detailed seismic assessments
• Tax treatment of lump sum settlement payments – draft released
• Business Transformation: Inland Revenue needs you!
  
   

December 2015 Tax Alert

• The danger of washing up FBT in the final quarter
• Amending assessments – Commissioner’s revised statement
• Bill introduces GST on online services and a new residential land withholding tax
• Revenue Alert issued on certain employee share purchase agreements
• New country-by-country reporting requirements for New Zealand headquartered groups
• CRS - The next FATCA
• Ruling on FBT and car parks finalised
  
   

November 2015 Tax Alert

Tax Alert - November 2015

Business transformation: First real glimpse of what’s in store for tax system modernisation

Tax shortfall penalties: understanding the trends   

Tax treatment of computer software acquired for use in a taxpayer’s business  

Inland Revenue Approval: “Income tax – Currency conversions for branches”  

Tax avoidance update: Inland Revenue finalises guidance   

STOP PRESS: Revenue Alert issued on certain employee share purchase agreements  

October 2015 Tax Alert  

Tax Alert - October 2015

Best practice in corporate tax governance – from the finance team to the Board

Final BEPS reports released

New IRD number application process for offshore persons 

GST - Current issues - Our take on the developments

Update on debt remission proposals

The interaction of loss grouping and imputation credits – discussion document released

Public Rulings Work Programme

R&D Bill reported back

FBT interest rate for low-interest loans decreases

• Tax Alert Special 9 September: Closely-held companies – Officials’ issues paper released

September 2015

• GST: Online purchases – What will be caught and when?  
• Resident land withholding tax proposals announced and a new acronym to learn
• Draft legislation provides detail on bright-line test for residential land sales
• Inland Revenue clarifies “clarifying legislation” on acquisition date of land
• Business Transformation and the rise of tax pooling  
• Deloitte Integration Report 2015: Useful insights for CFOs and tax professionals when considering your M&A strategy

August 2015

Landing on the “free parking” space

Update on employee allowances

New DTA with Canada in Force

Deductibility of management fees – TRA provides warning for taxpayers

New Zealand and Samoa sign DTA 

OECD Provides Update on Transfer Pricing Issues

July 2015

Trustpower Ltd v CIR: Unfeasibility expenditure

Bright-line test for sale of residential property - issues paper released

Currency conversions for branches – draft released

Tax avoidance: Inland Revenue sheds further light on their approach in practice

Take care when transferring funds from a UK pension plan

New tax bill – the start of the business transformation process

Increase in pooling value threshold for depreciation purposes

June 2015

Existing property tax rules to be bolstered

Government issues paper on NRWT and related party and branch lending

Inland Revenue releases BEPS Questionnaire

Many NZ Businesses to be affected by Australian Budget GST Changes

Want your tax news a bit quicker?

What’s happening in the world of BEPS?

May 2015

Tax depreciation myths debunked

New Zealand transfer pricing update

High Court awards increased costs and criticises Inland Revenue

Upcoming Dbrief - M&A Tax

April 2015

Tax System set for major overhaul in modernisation project 

Rethinking the Customs and Excise Act - A step in the right direction

New Australian simplified transfer pricing record-keeping options

Does your company have a New Zealand Director?

Collection of tax on employee share schemes examined

Use of money interest rates to increase

March 2015  

• New Tax Bill
• GST and Bodies Corporate
• "Cash out" of R&D tax losses
• Amending return errors: Taxpayer friendly High Court ruling
• Consultation sought on related party debt remission
• Tax treatment of life insurance policies
• Draft re-issue of rulings for interest deductibility
  
  
  

February 2015

• Consultation on the land development and subdivision provisions
• Changing depreciation rates – when is it acceptable?
• High Court provides guidance on contractual interpretation
• BEPS - Keeping up-to-date via Dbriefs and BEPS Central
• Introducing the Deloitte tax@hand app

December 2014

• Inland Revenue’s 2014 Annual Report: some reading between the lines
• Briefing for the Incoming Minister of Revenue
• New Zealand Revenue Minister releases update on taxation of multinationals
• The Commissioner’s power of reconstruction: No day at the beach for taxpayers
• What are the tax compliance issues that Inland Revenue is focusing on?
• VAT on Supplies of Services to the EU
  
   

November 2014

• Increased Inland Revenue scrutiny of financing transactions
• A conceptual challenge: The “common voting interests” and “control by any other means” tests for associated persons
• Inland Revenue releases final guidance on three avoidance scenarios
• New Zealand to join global crackdown on tax evasion
• Update on status of double tax agreement between New Zealand and Canada
• BEPS update – discussion drafts on actions 7 and 10 released for comment

October 2014

• Land tax myths
• BEPS: OECD releases 7 recommendations
• Progress from the BEPS project on Transfer Pricing Documentation and Intangibles
• Taxpayer wins in capital vs. revenue tax case
• Have you “chewed the FATCA” yet?
• What does a National win mean for upcoming tax policy?
   

September 2014

•  Capital gains tax eventually inevitable – so let’s debate the details
• Residency cloud clears - taxpayer wins appeal
• Earthquake Issues – shaking has subsided but tax problems linger
• GST and bodies corporate – when will the mist clear?
• Update on new director rules
   

August 2014

• Important changes affecting directors and general partners
• Tax function – positive return on sensible investment
• Company administration costs – deductible or not?
• Does having a property in New Zealand constitute tax residency?
• Guidance on transitional rules for tax positions on residence updated
• Taxation for deregistered charities and a new tax exemption for the community housing sector
• Refunds available for employer provided accommodation
• United Kingdom pensions – foreign tax credits
• Update on IR position regarding when tax payments are received in time
   

July 2014

• Employee allowances: the final chapter?
• NZICA releases special purpose reporting framework
• Updated guidance on excessive amounts paid to relatives and others
• Transfer Pricing in the digital economy
• Options for dealing with foreign superannuation obligations
• Are you providing services to South African recipients?
• Snippets from Parliament
• Deloitte welcomes new tax partner
  
   

June 2014

• GST - Timing errors do matter
• Overseas borrowings on offshore rental property – a new focus
• Questions Inland Revenue has been asked on tax avoidance
• When is a tax resident not a tax resident?
• Inland Revenue issues Alert over donation claims

May 2014

• Are fringe benefits slipping under the radar?
• Paying your tax on time – Be aware of proposed changes to IR practice!
• Employee allowances bill reported back
• Transfer pricing documentation and country-by-country reporting - update
  
  
  

April 2014

• Tax residence - clearing the muddy waters
• Inland Revenue’s Minimum Financial Reporting Requirements for SMEs are now finalised: What does this mean for taxpayers?
• BEPS project ramps up
•  Deloitte Tax Calender
  
   

March 2014

• Last minute foreign super amendment welcome
• Tax year-end matters; GST Refunds for non-residents
• Deloitte Tax Calendar - Have you ordered yours yet

February 2014

• Employee share plans coming under Inland Revenue’s tax avoidance spotlight;
• Do you have Foreign Superannuation Entitlements?
• Residence storm brewing; The acquisition date of land – clarity still required;
• Transfer pricing is still a hot topic;
• Deloitte Tax Calendar – order your copy now;