Category: Inland Revenue Department

Source: New Zealand Inland Revenue Department – Press Release/Statement:

Headline: Child support bill introduced

The Child Support Amendment Bill was introduced to Parliament today.

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Source: New Zealand Inland Revenue Department – Press Release/Statement:

Headline: Protocol to TIEA with Guernsey signed

New Zealand has signed a protocol amending the Tax Information Exchange Agreement (TIEA) with Guernsey. The protocol updates the TIEA to include model treaty provisions to prevent tax treaty abuse and improve dispute resolution as recommended by the OECD and G20. The agreement will come into force once both countries have given it legal effect. For more information see the text of the Protocol.

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Source: New Zealand Inland Revenue Department – Press Release/Statement:

Headline: Special report on GST on low-value imported goods

A special report providing early information on the new rules applying to “distantly taxable” goods supplied to consumers in New Zealand is now available. This includes the requirement for offshore suppliers, electronic marketplaces and redeliverers to return GST on low-value goods such as books, clothing, cosmetics and shoes.

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Source: New Zealand Inland Revenue Department – Press Release/Statement:

Headline: Tax Working Group papers released

Advice provided to the Minister of Finance and Minister of Revenue related to the Tax Working Group is now available. This includes policy reports, briefing notes, and emails prepared by Inland Revenue and the Treasury.

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Source: New Zealand Inland Revenue Department – Press Release/Statement:

Headline: SOP to tax bill – providing IRD numbers for all property transfers

Supplementary Order Paper No. 248 to the Taxation (Annual Rates for 2019–20, GST Offshore Supplier Registration, and Remedial Matters) Bill was released today.

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Source: New Zealand Inland Revenue Department – Press Release/Statement:

Headline: R&D tax incentive guidance published

The Taxation (Research and Development Tax Credits) Act 2019 was enacted on 7 May 2019. Draft guidance was released for comment in late February 2019.

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Source: New Zealand Inland Revenue Department – Press Release/Statement:

Headline: Consultation on taxing the digital services industry

The Government is seeking public feedback on proposals to more effectively tax the digital economy in New Zealand. These are:

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Source: New Zealand Inland Revenue Department – Press Release/Statement:

Headline: Budget 2019

The Government’s 2019 Budget was announced today. Two tax-related Budget announcements were made on 17 May. These were proposals to align the GST rules for telecommunications services with international guidelines and betting levy changes. No further tax-related announcements were made today.

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Source: New Zealand Inland Revenue Department – Press Release/Statement:

Headline: Welfare Expert Advisory Group report released

The Welfare Expert Advisory Group report was released today by Social development Minister, Carmel Sepuloni. The report contains 42 recommendations for improving the welfare system, including:

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Source: New Zealand Inland Revenue Department – Press Release/Statement:

Headline: Final versions of BEPS special reports now available

The final versions of the base erosion and profit shifting (BEPS) special reports are now available. These were published in the April 2019 edition of the Tax Information Bulletin (Volume 31 Number 3).

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