The Scheme is financial support paid by parents who do not live with the children or who share the care of the children.

A discussion paper proposes to require certain non-resident suppliers to account for GST on supplies of low-value goods.

"Sweeteners" are increasingly common in the current commercial property leasing environment, especially in Christchurch.

If you buy and sell a residential property within two years, new tax rules may apply to the gain (or loss) that you make.

The expansion of the bright-line rule was one of the changes that the Government introduced to assist first home buyers.

The Inland Revenue has released an officials' issues paper which includes possible changes to the GST treatment of management fees charged to managed funds.

The proposed changes will greatly benefit both larger and smaller businesses that are performing research and development activities in New Zealand.

All buyers and sellers of NZ property will be required to provide their IRD numbers as part of the conveyancing process.

Finance Minister Bill English and Revenue Minister Michael Woodhouse announced the government will be acting on all recommendations from the Shewan Inquiry.

The New Zealand Government has recently announced a proposal to close a loop hole which waived the requirement for foreign companies to collect GST on goods sold to New Zealand customers...

The New Zealand Government recently announced a proposal to close a loophole which waives the requirement for foreign companies to collect GST on goods sold to New Zealand customers...

Offshore businesses must now comply with local goods and services tax requirements if annual sales to New Zealand exceed the threshold.

Distinguishing between taxable and non-taxable gains from the sale of shares is notoriously difficult.

Residency test is broader and encompasses factors such as ties to New Zealand and the regularity of times spent there.

The decision was welcomed by insolvency practitioners after the Court of Appeal had previously upset industry practice.

The Foreign Account Tax Compliance Act (FATCA) was introduced to prevent offshore tax evasion by United States persons.

The Foreign Account Tax Compliance Act (FATCA) was introduced to prevent offshore tax evasion by United States persons.

The proposed new tax rules make significant changes to the taxation of ESS, particularly conditional share schemes.

A summary of the most significant changes is outlined below.

The GST implications of any property transaction must be considered thoroughly, to avoid any serious ramifications.