Category: Inland Revenue Department

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

Headline: Tax bill introduced

The Taxation (Annual Rates for 2019–20, GST Offshore Supplier Registration, and Remedial Matters) Bill was introduced in Parliament today.

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

Headline: R&D tax bill introduced

The Minister of Research, Science and Innovation introduced the Taxation (Research and Development Tax Credits) Bill today.

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

Headline: Proposed new rules for GST on low-value imported goods announced

In his speech today at the Chartered Accountants Australia New Zealand tax conference, the Minister of Revenue announced proposed new rules for GST on low-value imported goods.

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

Headline: SOP to June tax bill on bloodstock changes released

A Supplementary Order Paper released yesterday proposes changes to the tax treatment of bloodstock for inclusion in the Taxation (Annual Rates for 2018-19, Modernising Tax Administration, and Remedial Matters) Bill, introduced into Parliament on 28 June 2018 and currently at the select committee stage.

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

Headline: R&D tax incentive package announced

The Government announced its R&D tax incentive package this morning.

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

Headline: Government consults on information sharing with SFO and Customs

An existing information sharing agreement between Inland Revenue and the New Zealand Police enables Inland Revenue to provide information, under certain criteria, to the New Zealand Police to help detect, prevent and prosecute serious crime.

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

Headline: Research and development tax credit documents released

Documents prepared as part of the advice provided to Ministers on the introduction of a research and development tax credit are now available. Other related documents are also available on the Ministry of Business, Innovation & Employment and Treasury websites.

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

Headline: Public feedback sought on draft BEPS guidance

Following the enactment of the Taxation (Neutralising Base Erosion and Profit Shifting) Act earlier this year, Inland Revenue is now issuing draft guidance material to help taxpayers comply with the new legislation. Our intention is that the information that we provide is useful and (given the technical nature of the material) as clear and understandable as possible. This document covers the new rules aimed at:

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

Headline: Government moves to close GST loophole

Today Minister Nash announced that as part of a Supplementary Order Paper (SOP) to the tax bill currently before parliament, the Government will look to close a GST loophole where not-for-profits arguably don’t have to pay GST on sales of assets.

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

Headline: Hong Kong DTA updated

An amendment to New Zealand’s double tax agreement with Hong Kong has now entered into force. The amendment widens the exchange of information provisions for the purposes of eradicating tax evasion and avoidance. It brings the agreement with Hong Kong into line with the majority of New Zealand’s other double tax agreements by enabling the automatic exchange of information between the two tax jurisdictions. For more information see the Minister of Revenue’s media statement.

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