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Tax Watch library

Tax Watch is our regular email newsletter full of practical tax information.

See our archive below.


Tax Watch: Edition 3, May 2016

  • New Zealand makes it easier for overseas suppliers to comply with the online services tax
  • Changes recommended to proposed Residential Land Withholding Tax
  • Changes recommended to upcoming employee share scheme PAYE option
  • Transfer pricing in the public eye
  • Inland Revenue unveils new policy on amending taxpayer assessments
  • Tax Watch in brief

Tax Watch: Edition 2, March 2016

  • Year-end tax planning
  • Information is power
  • Inland Revenue flexes its information gathering powers
  • Know where your clients are tax resident?  You’ll soon need to.
  • New Australian GST rules for non-residents
  • Research and development (R&D) tax benefits & body corporate GST rules become law
  • Tax Watch in brief

Tax Watch: Edition 1, January 2016

  • Tax Watch: Edition 1, January 2016
  • GST in the digital world: a year of challenge, change and opportunities
  • Privately owned business overview for 2015/2016
  • Corporate and commercial legal developments for 2016
  • International tax proposals to impact on debt and related-party lending
  • Turning up the heat on transfer pricing
  • Tax controversy outlook for 2016
  • Tax policy outlook for 2016
  • Tax Watch in brief


Tax Watch: Edition 10, November 2015

  • Tax Watch Edition 10, November 2015
  • Proposed changes to Inland Revenue’s powers
  • Proposed reforms to PAYE and GST administration
  • Inland Revenue’s 2015 Annual Report
  • Landmark transfer pricing win for ATO in tax dispute with Chevron
  • Employee Share Purchase Schemes and Tax Avoidance
  • GST to apply on cross-border supply of services to New Zealand
  • Further property tax measures to address rising house price
  • Tax Watch in brief

Tax Watch: Edition 9, October 2015

  • Tax Watch Edition 9, October 2015
  • New GST Issues Paper
  • Changes on the horizon for loss grouping and imputation credits
  • Lee v Torrey: High Court Decision Warns of the Perils of Incompetent Trustees
  • Tax Watch in Brief

Tax Watch Special, October 2015

  • OECD releases final Base Erosion and Profit Shifting project reports

Tax Watch: Edition 8, September 2015

  • Tax Watch Edition 8, September 2015
  •  Bright line test for residential land to become law
  •  Government to introduce withholding tax on selected residential property sales from 1 July 2016
  •  Want an IRD number?  Open a New Zealand bank account first
  • Government to amend look through company tax rules
  • Related party tax remission not tax avoidance
  • Cashing in on Research & Development  Tax benefits
  • Charter Holdings unable to carry forward losses
  • Transfer pricing - Advance Pricing Agreement process refreshed
  • Tax Watch in Brief

Tax Watch: Edition 7, August 2015

  • Fringe benefit tax on car parks
  • Should NZ bother with a Trusted Trader scheme?
  • Australia’s digital currency developments
  • Limited risk distributors with potential permanent establishments
  • Tax Watch in Brief

Tax Watch: Edition 6, July 2015

  • Commissioner wins $17.7 million Trustpower appeal
  • Taxing property sold within two years
  • PAYE to apply to employee share schemes
  • Tax avoidance and the use of discretionary trusts
  • Tax transparency for multinationals gets closer
  • Government takes tougher stance against migrant worker exploitation
  • Tax Watch in Brief

Tax Watch: Edition 5, June 2015

  • Tax on related party debt to increase
  • New property tax measures to address rising house prices
  • New Zealand’s transfer pricing focus for 2015/16
  • OECD BEPS initiative prompts new international questionnaire
  • Inland Revenue ramping up GST audit activity
  • OECD proposes change to international tax rules
  • STOP PRESS - EU VAT refunds for non-EU businesses
  • Companies Amendment Act 2014 – updates required by all New Zealand companies
  • Tax Watch in brief

Tax Watch: Edition 4, April 2015 

  • Australian tax discussion paper impacts New Zealand business
  • Making tax simpler
  • Taxing online shopping
  • Australia simplifies transfer pricing record keeping regime
  • Trends in Trans-Tasman Executive Remuneration
  • New rules for employee share schemes
  • Further employment changes on the cards
  • Tax Watch in brief

Tax Watch: Edition 3, March 2015 

  • Related Parties Debt Remission
  • Cashing out your R&D tax losses
  • Latest tax bill answers body corporate GST issue – or does it?
  • Government releases tax policy work programme
  • Fringe Benefit Tax - Common pitfalls and areas of uncertainty
  • Tax Watch in Brief

Tax Watch: Special Edition, March 2015

  • Revenue collection
  • Disputes process
  • Technology and digital goods
  • Sanctions and penalties
  • Information sharing
  • Offsite storage areas for alcohol

Tax Watch Edition 1, February 2015

  • Year End Tax Planning
  • Taxpayers’ ability to re-open assessment
  • Expect more scrutiny from tax authorities on transfer pricing
  • OECD’s BEPS initiative is progressing on the transfer pricing front
  • BEPS Proposals promote tougher limitations on interest deductions
  • Tax Watch in Brief


Tax Watch Edition 9, December 2014

  • New Zealand plans to act on Base Erosion and Profit Shifting
  • Inland Revenue’s Compliance Focus
  • Cross-border assignments – are you maximising value?
  • Registration with Customs as an importer – avoiding the pitfalls
  • Court of Appeal brings equal pay to the fore
  • Inland Revenue’s performance
  • Tax never rests!
  • Tax Watch in Brief

Tax Watch Edition 8, November 2014

  • Executive Packages in the Spotlight
  • Employment law changes to apply from early 2015
  • Reminder – are you including incentive pay in your holiday calculations?
  • Customs disputes – urgent change needed
  • Inland Revenue turns up the heat in transfer pricing of financial arrangements
  • Inland Revenue’s performance published in Annual Report
  • STOP PRESS - Tax Controversy, Human Capital and Immigration Alert
  • Tax Watch in Brief

Tax Watch Edition 7, October 2014

  • BEPS Project sets direction for international tax reform
  • Action 1: The Digital Economy and VAT/GST
  • Action 2: Neutralising the Effects of Hybrid Mismatch Arrangements
  • Action 5: Countering Harmful Tax Practices
  • Action 6: Preventing Treaty Abuse
  • Actions 13 and 8: Transfer Pricing – Documentation, Reporting and Intangibles
  • Action 15: Multilateral Instrument for Tax Treaties
  • Effective Tax Rates under review from ASIC
  • Tax Watch in Brief

Tax Watch Edition 6, September 2014

  • Top remuneration trends from EY’s expanded Human Capital team
  • Tax residence in court: Inland Revenue loses out
  • Access rights to tunnel not taxable
  • Lease assignments and GST
  • Companies Amendment Act 2014 – what’s new?
  • STOP PRESS – reminder about new financial reporting rules
  • Inland Revenue re-examines excessive remuneration
  • Inland Revenue examines intercompany debt arrangements
  • Crypto-currency – a growing market
  • Tax Watch in Brief

Tax Watch Edition 5, August 2014

  • How Labour plans to change personal taxes.
  • Capital Gains Tax (“CGT”) is the defining tax issue for Election 2014.
  • Research and development back on the table
  • No gold at the end of the rainbow: National and Labour want to clamp-down on tax avoidance
  • The Greens intend to replace the Emissions Trading Scheme with a carbon tax
  • Labour promotes a high-skilled high-wage economy
  • Do you have problems with the separate accounting for GST by Customs and Inland Revenue?
  • New Zealand simplifies Employee Share Schemes
  • Global transfer pricing reform sparks more local activity
  • Inland Revenue changes payment acceptance rules
  • Tax Watch in Brief rounds out recent developments

Tax Watch Edition 4, July 2014

  • Following Pike River, health and safety matters more than ever. All company officers face a step change in health and safety duties.
  • Inland Revenue’s increasingly hard line is putting corporate debt fix ups under the avoidance gun. Is it losing the plot?
  • It’s sprung a leak on GST as well. The proposed exemption for bodies corporate just doesn’t stack up.
  • And don’t underestimate customs audits. An Airline v Chief Executive of the New Zealand Customs Service provides a cautionary tale.
  • EY’s 2014 Global Tax Risk and Controversy Survey shows that New Zealand companies are experiencing tax risk on a scale seen never before
  • Inland Revenue’s looking to a digital, mobile future. It’s changing from top to bottom. “Everything is on the table”, says Minister of Revenue Todd McClay.
  • Last post for the Rewrite Advisory Panel
  • Market support payment remains under Inland Revenue scrutiny
  • The administrative concession for low value loans now extends to $10 million
  • OCED work leads to more compliance pain for financial institutions
  • Inland Revenue revises its position on GST for hire firm security deposits
  • Tax Watch in Brief rounds out recent developments

Tax Watch Edition 3, June 2014

  • The long awaited clarification to the tax treatment of employee allowances
  • What FATCA means for New Zealand financial institutions
  • The changing tax treatment of lease inducements and lease surrender payments
  • Relief at last for “black hole” non-deductible expenditure
  • Tighter restrictions on interest deductibility on offshore debt (the “thin capitalisation” rules)
  • The tax charities have to pay on deregistration
  • A tax fix for community housing providers

Tax Watch Edition 2, May 2014

  • Tax exposure of New Zealanders living overseas may increase
  • Land-related lease payments - further changes
  • OECD announces some relief to country-by-country reporting
  • Christchurch – are your roll-over relief concessions being correctly applied?
  • We canvass the tax risk landscape  and invite you to health-check your practices
  • Tax Watch in brief -  IRD’s latest releases, and round up of various developments in tax

Tax Watch Edition 1, March 2014

  • Accommodation benefits are about to undergo a reshuffle, we outline what the change will mean for you
  • In transfer pricing developments, we bring your attention to the ATO’s draft tax determination on market support payments
  • We summarise five global trends occurring in indirect tax and their implications for New Zealand
  • Taxpayers should not be lulled into thinking we have plateaued in New Zealand on sin taxes, we cover recently developments



Tax Watch Edition 1 2013

  • How relevant is this “morality” tax debate in the New Zealand context
  • Read our summary of the Department’s guidance for an indication of the additional administrative burden such changes will mean for employers.
  • We revisit the already highlighted implications and benefits of China’s 12th Five Year Plan for New Zealand companies working in the technology and green space
  • We look at the latest Asia Pacific transfer pricing developments


Tax Watch December 2012  

  • Read the new proposals for taxation of salary trade-offs
  • Issues in IRD's latest interpretation statement on New Zealand's tax residency rules
  • Proposed tax changes to bring various regimes for mineral exploration into line
  • We review the second major tranche of changes to Australia's transfer pricing rules
  • Updated changes to the New Zealand Japan tax treaty

 Tax Watch November 2012 

  • Read our summary on the changes to tax treatment of employee allowances and other expense payments
  • Our third annual global survey of M&A tax trends
  • Are you paying too much duty on New Zealand exports to China?
  • Our report on productivity in China has lessons for New Zealand businesses preparing to invest long-term
  • We highlight the consequences of the new 'enhanced GST registration' designed to reduce GST cost

 Tax Watch September 2012 

  • The IRD releases its Compliance Focus for 2012 - 2013
  • IRD Confirms certain livestock valuation elections may amount to tax avoidance
  • Changes to taxation of foreigh superannuation payouts
  • Key messages from thee EY 2012 Global Tax authority transfer pricing survey

Tax Watch July 2012

  • New Zealand/Canada double tax agreement
  • Customs focus on importers
  • Significant changes to living away from home allowances tax treatment
  • Discussion paper on transfer pricing of intangibles

Tax Watch Budget Special May 2012

  • Hot off the Press
  • Corporate
  • Kiwisaver
  • Opinion
  • CCH Budget Report

Tax Watch May 2012 

  • Relaxation of NRWT rules to lower the tax cost of paying dividends to offshore parents
  • Step up in customs activity
  • Proposal by IRD to widen the tax net by treating salary trade-offs as income
  • Are you paying the right amount of tax on salaries?
  • Our submission on Australia’s Transfer Pricing legislation

Tax Watch March 2012

  • Countdown to year-end - key relevant tax issues
  • The Transfer Pricing implications of the Alesco case
  • Claiming back VAT - some reminders
  • Tax Watch in brief - legislative update


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