Take advantage of our expertise and send your question to email@example.com and one of our specialists may answer it in a forthcoming issue of NUMBERS. This issue we address the Inland Revenue using Artificial Intelligence tools to review the hospitality industry and what you need to do.
The Bright-Line Test was promoted by the Government as a simple tool to tax property speculation, but even a simple tool can have complications. Thankfully, Inland Revenue has recently provided some clarification on some of the more complex scenarios.
In the September edition of Tax Talk, we cover new changes to the motor vehicle kilometre rate, 2018 requirements for NZ companies, payroll and also the changes to Thin Capitalisation and Interest Limitation rules.
In the July edition of Tax Talk we cover new methods when calculating deductions for home office expenses, a recap of changes to the non-resident withholding tax regime & the tax policy work programme.
The recent Automatic Exchange of Information law (AEOI), which came in on July 2017, requires New Zealand banks to undertake due diligence on the foreign tax status of their customers and provide relevant information to the IRD. Failing to do this may result in frozen accounts.