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Tax Watch library

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

See our archive below.

2014

Tax Watch Edition 7 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 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 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 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 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 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 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


 


2013

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

2012

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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