Yearly Archives :2020
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Inland Revenue is contacting people about information received under Common Reporting Standards

Inland Revenue is contacting people about information received under Common Reporting Standards Company is put into liquidation for not having adequate accounting records Inland Revenue research on the tax debt tipping point The Week In Tax · IRD & Common Reporting Standards, consequences of not keeping records & tax debt tipping point Transcript A few […]

After the election what next in tax for the Labour Government? Who will be the Minister of Revenue?

After the election what next in tax for the Labour Government? Who will be the Minister of Revenue? A future role for green taxes Problems with Inland Revenue’s online functions The Week In Tax · What will Labour do in tax, a role for green taxes, problems at Inland Revenue? Transcript So now we know […]

The OECD’s latest update on progress in taxing the digital economy

The OECD’s latest update on progress in taxing the digital economy The potential impact of the United States House of Representatives Judiciary Committee’s Subcommittee on Antitrust, Commercial, and Administrative Law’s report on competition in digital markets An accidental new lover tax? The Week In Tax · The challenges of taxing the digital economy and a […]

Inland Revenue is checking wage subsidy claims.

Inland Revenue is checking wage subsidy claims A look at the Australian Budget Why GST rate cuts don’t work The Week In Tax · IRD is checking wage subsidy claims, the Australian Budget and why GST rate cuts don’t work Transcript The Wage Subsidy, Wage Subsidy Extension, and the Resurgence Wage Subsidy schemes are all […]

Highlights from the ATAINZ spring workshop including provisional tax payments holding up, home office expenditure allowances.

Highlights from the ATAINZ spring workshop including provisional tax payments holding up, home office expenditure allowances. Inland Revenue is chasing cryptoasset investors. How to design and implement a wealth tax. The Week In Tax · Provisional tax, home office expenditure, IRD chases cryptoasset investors & designing a wealth tax Transcript Late last week, I was […]

This week talking about UK pension transfers with Tony Chamberlain of GBPensions.

The difference between the UK and NZ taxation treatment and how some pension schemes are now more valuable because of Covid-19 The Week In Tax · The ins and outs of UK pension transfers with Tony Chamberlain of GBPensions Transcript My guest this week is Tony Chamberlain, director of GBPensions a firm specialising in U.K. pension transfers. […]

Financial Arrangements Rules

What are financial arrangements rules? An often unrecognised consideration in many transactions are the financial arrangements rules. These rules apply to any transaction where a person receives money in consideration for money to be provided in the future, with the premise being there would usually be an income/expense component to any arrangement. Although there is […]

Foreign Investment Fund Rules

What are FIF rules? An interest in a foreign company and certain historic interests in foreign superannuation schemes/life insurance policies can require an income calculation based on the ‘Foreign Investment Fund’ rules (FIF). When is the FIF rules tax charged? These FIF rules apply when the cost or value of shares held in a foreign […]

Pension Transfer tax

What is pension transfer tax? The movement of pension funds can trigger a taxable event, though the possibility of this depends on the rules of the country where the scheme is held. Distinct from a pension or annuity, an interest in a foreign superannuation scheme can be transferred between schemes or withdrawn either partially or […]

Overseas Pensions

What is foreign superannuation tax? Foreign superannuation rules determine the tax payable on income from a pension. Pensions and other similar annuities resulting from past employment paid to a New Zealand resident are taxable in New Zealand only. If you lived overseas and paid into a pension scheme there, you may be taxed on the […]

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