Views on GST Reform Called For
The Government has released a discussion paper about proposed changes in GST processing in high-value asset transactions. With the aim of decreasing the government’s revenue loss in GST, Peter Dunne,...
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Family Tax Credit Raised and FBT Lowered
Changes were announced on November 24th to both the New Zealand minimum family tax credit and fringe benefit tax (FBT) on low-interest employment related loans. According to a statement by Peter Dunne,...
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Charity Named For Interest Free Student Loans
The Revenue Minister has stated that New Zealanders who are undertaking overseas work for Partners Relief and Development NZ may now be eligible for an interest-free status on their student loans. In...
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NZ Signs Two Tax Agreements
New Zealand has signed Tax Information Exchange Agreements (TIEA) with St Vincent and the Grenadines, and Dominica. On March 17th Peter Dunne, New Zealand Revenue Minister, announced that New Zealand...
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Foreign Investment Funds Paper Released
The New Zealand Government has released an issues paper seeking feedback on possible changes to be made to the tax treatment of non-portfolio foreign investment funds. At the International Fiscal...
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NZ Negotiating DTA with Hong Kong
The New Zealand and Hong Kong Governments have announced that they intend to soon initiate a round of negotiations concerning the establishment of a Double Taxation Agreement (DTA) between the nations....
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NZ Investigates Taxation of Foreign-Owned PIEs
A new issues paper has been released, seeking views on two possible legislative changes concerning the tax treatment of non-residents investing in portfolio investment entities (PIE). On April 14th...
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NZ Singapore Tax Agreement Progresses
The Double Taxation Agreement (DTA) between New Zealand and Singapore has come one step closer to enactment, having now been incorporated into New Zealand law. On May 12th the New Zealand Government...
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Government Intends to Repeal Gift Duty Tax
The Government of New Zealand is investigating the possibility of repealing gift duty taxes, as the levies provide too little revenue for their inherent administration costs. On June 10th Peter Dunne,...
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Health Insurance Tax Rebate Proposed for Elderly
The New Zealand Revenue Minister has revealed that he is weighing up the idea instating tax rebates for health insurance premium payments for the elderly. Speaking at a meeting of Grey Power Bay of...
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