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.
Welcome to the April 2018 issue of Tax Talk. In this edition we discuss: overseas buyer restrictions on the way, new tax obligations for trusts with international connections, PIE investor obligations as well as the five-year bright-line test being enacted.