NZ Budget Highlights
The NZ Budget released last week focuses on controlled spending and long-term initiatives.
The NZ Budget released last week focuses on controlled spending and long-term initiatives.
Australian Budget tax and superannuation summary covering CGT reform, negative gearing changes, discretionary trusts, business tax incentives, EV FBT concessions and key measures affecting taxpayers.
Many of Australia’s Federal Budget measures are likely to have flow-on implications for NZ businesses, investors and expatriates operating across the Tasman.
Super legislation introducing Division 296 tax has passed both Australian houses of Parliament. Read the update on what the Senate decision means for superannuation balances and future policy.
The Australian Government has officially introduced the Division 296 bill five months after the Treasurer conceded defeat on taxing unrealised gains.
The Australian Government has made significant revisions to its controversial plan to increase tax on superannuation earnings above AUD$3 million, marking one of the most substantial policy reversals in recent years.
Australia’s Division 296, the proposed super tax on balances over $3M, is still not law. Learn why the delay matters and the risks of taxing unrealised gains in this latest update.
The government has announced that “digital nomads” working in NZ for foreign employers will not trigger tax obligations, but conditions apply.
This article is based on commentary by Professor Kerrie Sadiq of QUT Business School and Rodney Brown of UNSW Sydney, highlighting the implications of Australia’s latest move toward greater tax transparency.
The Australian Taxation Office (ATO) is reminding property sellers, buyers and industry professionals of their obligations under the Foreign Resident Capital Gains Withholding (FRCGW) rules.