More on the Cost of Living Payment as well as business and personal tax measures.

NZ Wellbeing Budget 2022 aims to help move towards an economy that provides greater economic security, and support to households affected by cost-of-living pressures.

Legislation has been enacted in New Zealand pertaining to changes in interest deductibility and Brightline Rules for residential investment properties. The changes are also retrospective.

Alliott NZ in Auckland outlines three major NZ tax and wage changes: Brightline Rules, Minimum Wage and Individual Tax Rates.

2020 “Rebuilding Together” Budget Alliott NZ Summary As expected, the 2020 Budget has been a high spending one with a deficit forecasted to be $29.6 billion in 2021. Unemployment is projected to increase significantly, peaking at 9.8 per cent in…

As we near the end of the initial four-week lockdown, the Government has released further Tax Measures to assist businesses including more complete information on what Alert Level 3 would mean. Yesterday the Government announced two further tax proposals – Tax Loss Carry Back Scheme and changes to the Tax Loss Continuity Rules.

Today the Government announced a further set of tax proposals to help businesses manage the impacts of COVID-19. You can read the Government’s full announcement and fact sheets on the Beehive website or the Inland Revenue’s summary here.

New GST rules for low-value imported goods From 1 December 2019 overseas businesses selling low-value goods to consumers in New Zealand must charge GST at the point of sale if they meet the GST registration requirements, including a NZ$60,000 turnover…

Alliott Group’s global tax news in one monthly digest Asia Pacific Tax News BJP pledges to revise income tax brackets if re-elected India’s ruling BJP party says it will revise income tax brackets if re-elected in the seven-phase general election,…

Alliott Group’s monthly global tax digest for March Welcome to March’s edition of TaxPulse A monthly media round-up of news, views and comment pertaining to global taxation, provided by Alliott Group’s International Tax Services Group. Asia Pacific Tax News China unveils $298bn…