Tax
Provisional Tax NZ 2026-27: Dates, Methods and How to Avoid Interest
Who pays provisional tax in NZ, the 2026-27 due dates, the four ways to calculate it, and how to avoid Inland Revenue’s 8.97% interest charge.
Trust Disclosure regime – Insights from the first year
In November 2023 Inland Revenue released a high-level summary (in the form of a 40- page report) of insights from the first year of reporting.
De faction Relationship or Not?
The Working for Families Tax Credit (WFFTC) is a notoriously complex scheme.
Beware of Deemed Dividends
The concept of what is a “dividend” is very broad- that any transfer of value from a company to a shareholder is a dividend.
Taxation Principles Reporting Bill
The Taxation Principles Reporting Bill was introduced to parliament on 18 May 2023, and has since been reviewed by the Finance and Expenditure committee. If passed, it will require the Commissioner of Inland Revenue to report on New Zealand’s currenttax settings based on specific principles. A hybrid reporting model will be used where a full … Read more
Tax policy from two sides of the political aisle
It is worth reviewing the tax policies of the two minor parties as this is where unexpected change may come from.
Tax ourselves out of Recession
The buoyant COVID subsidy-funded days are behind us, New Zealand has entered a ‘technical’ recession.
Trusts and Distributions
The tax rules applicable to trusts also differ to that applicable to individuals and companies.
Holding Costs for Land
The IRD has released a draft interpretation statement addressing the deductibility of land holding costs – namely, interest, rates and insurance.
Flooding Events Tax Concessions
A number of tax concessions were released in an attempt to provide some relief to those who were impacted.
