The costs were capital in nature, as the consents were tangible progress towards eventual completion of capital projects.

Explanation of your common tax responsibilities as a small business owner in New Zealand.

Following is a summary of the key VAT and wider tax updates from the past month.

From 1 April 2026, private, unlisted firms may opt into a tax deferral regime so employees pay tax only at liquidity events.

Recent NZ judgment relating to tax liability of receivers, liquidators and directors of companies in receivership and liquidation.

These discussion documents aim towards the implementation of the OECD Base Erosion and Profit Shifting (BEPS) project.

The much awaited Limited Partnerships Bill was released last month, along with a ‘Commentary on Parts 5 and 6 of the Bill associated tax changes’.

FATCA may impose a compliance burden on the trustees of New Zealand family trusts, even if no US persons are involved.

The New Zealand Government has released its much awaited discussion document entitled Business Tax Review. Readers of the discussion document may feel somewhat deflated – the hope was for a document containing proposals for reform that would be of benefit to businesses across the country, however, the reality is a document that contains very little in terms of details of proposed reforms and certainly contains nothing new.

The Base Erosion and Profit Shifting Project aims to reduce tax minimisation opportunities created by the global economy.

This High Court judgment provided some useful statements on duty of care, contributory negligence, betterment, and GST.

Discusses taxation and GST in NZ business practice.

Tax is a top issue this campaign, featuring strongly in the leadership debates, and is a major point of difference.

Article discusses key CGT recommendations proposed a majority of the TWG.

The KiwiSaver Bill will progress in parallel with the tender process, providers will be in the unenviable position of tendering to provide services while there is still uncertainty and a lack of detail in a number of key areas. We elaborate on this.

2006 has seen unprecedented change in the financial services sector. It is a full time job to not only adapt to the changes but also to anticipate the developments that are ahead.

The Securities Trustees and Statutory Supervisors Bill received its first reading on 23 March and submissions to the Commerce Committee closed on 6 May. The Commerce Committee reported back to parliament on 19 October 2010

The Tax Working Group's interim report discusses its review of the structure, fairness and balance of the NZ tax system.

There have been no further tax changes relating to Portfolio Investment Entity (PIE) and non-PIE funds of any note since the enactment of the Taxation (Budget Measures) Act 2010 and the Taxation (Annual Rates, Trans Tasman Savings Portability, KiwiSaver, and Remedial Matters) Act 2010 in September this year.