The Week In Tax

More details emerge regarding Inland Revenue’s handling of the cost of living payments Doomed tax case highlights the need for change to taxation of backdated ACC compenstion The OECD reports on Tax Policy Reforms over the past year

This week, Inland Revenue rulings illustrate the hidden traps of tax Treasury points the finger at tax over the cost of housing A long overdue Anti-money laundering ruling More on the Royal finances.

This Inland Revenue releases its first long-term insights briefing, admits to not having the data to comment on the amount of non-compliance with FBT and is residential property under-taxed?

A new tax bill causes a massive storm but what happens next? Also brief run-through of what other tax measures are in the Taxation (Annual Rates for 2022-23, Platform Economy and Remedial Matters) Bill. (TL:DR - a lot!)

This week, provisional tax is due so watch out for changes to the use of money interest rates and rules Is it time for a residential land value tax More on the looming shortfall in the National Land Transport Fund

Build-to-rent developers can be exempt from interest deductibility limitation New report examines the role has tax played in the housing crisis Inland Revenue draft guidance about the treatment of donations to private schools

This week, some interesting snippets from the Budget Information release including more on the cost-of-living payment, The international tax implications of President Biden’s tax proposals The state of the Internal Revenue Service Inland Revenue remits over $100 million of interest in relation to COVID-19

What's going on with the Cost of Living payments? The first climate change national adaptation plan is released, but what about paying for it? NZ trusts may be affected by a looming deadline for trust registration in the UK Why is Ivana Trump buried on a golf course?

Inland Revenue draft interpretation statement on tax loss carry-forward and continuity of business activities Inland Revenue applies little-known provisions to find director personally liable for company's tax debts What role for windfall taxes

Inland Revenue releases guidance on when buildings are depreciable Who actually suffers the highest effective marginal tax rates in Aotearoa OECD releases key report on the taxation of housing

This week, should we let Inland Revenue loose on the gangs? The latest update from the OECD on the progress of international tax reform A warning from Ireland about the risks of a low corporate tax rate, and the Tax Policy Charitable Trust reveals its four finalists.

Inland Revenue gets on the case of those with overdue tax debt Guidance on GST and director’s fees Corporate income tax take is ahead of forecast The Reserve Bank of New Zealand’s view of the housing market in an international context

This week we focus on international tax Firstly, Inland Revenue launches its offshore tax compliance programme Draft guidance on deductiblity of overseas travel costs Facebook & BAT New Zealand's 2021 results How are going to fund the National Land Transport Fund in the future?

Inland Revenue releases guidance on cash basis persons & the financial arrangements regime Inland Revenue campaign targeting estate agents pays off Google New Zealand’s latest results show need for international tax agreement Some reflections on the International Fiscal Association’s 2022 conference

When are changes in co-ownership and of trustees "disposals" for the land tax provisions? Is it time to reconsider the disputes process? How about legalising cannabis & using the tax revenue to address the gangs issue?

Inland Revenue backs off on controversial proposals at the same time as a Technical Decision Summary illustrates why Inland Revenue believes change is needed The role of tax in the Government's first emissions reduction plan Latest on the OECD Pillar 1 & Pillar 2 proposals

Inland Revenue releases more details about the Cost of Living Payment Kilometre rates for the 2021-2022 income year Windfall taxes & wealth A warning about the perils of thinking short-term

Inland Revenue raises concerns about its ability to deliver the Cost of Living payments A potentially unwelcome GST surprise for farmers selling up Latest updates from the OECD on international tax reform and the tax wedge

No Budget tax surprises but Inland Revenue gets a boost

Inland Revenue consults on the OECD Pillar Two GloBE rules for New Zealand & has a new CEO Working for families consultation A look ahead to next week's Budget

Inland Revenue gets ready for tax return filing season Inland Revenue cranks up its review of Covid-19 support payments Some interesting insights emerge in the wake of Revenue Minister Parker’s speech last week Provisional tax reminder

Minister of Revenue philosophizes on tax & proposes a Tax Principles Act Deadline for submissions on two controversial tax integrity proposals Inland Revenue guidance on what buildings qualify for depreciation

Inland Revenue use of money interest and prescribed rate of interest rates rise Guidance on the reporting requirements for trusts released and The potential New Zealand tax implications of a British political scandal

How does tax on New Zealand property compare with other countries? The OECD consults on a new global tax transparency framework for crypto-assets Inland Revenue warns against attempts to avoid 39% tax rate

Interest limitation rules and bright-line test changes now enacted More Inland Revenue guidance on the financial arrangements rules Matters of interest in this week's Australian Budget