Intercompany transactions Applying the Cost Plus Method The pure cost-plus method is a method used to determine the sales price of a product or service between associated parties. As such, its aim is to determine a gross profit mark-up.
DetailsAlthough due date for CRS & FATCA disclosures has passed, NZ IRD still accepts late submissions Financial institutions needed to report information about foreign tax resident financial accounts to us for the year ending 31 March 2018 by 30 June. This is an annual obligation to comply with the Common Reporting Standard (CRS) and Foreign Account…
DetailsCombatting global tax evasion The New Zealand government has joined more than 100 other countries in a global initiative to combat tax evasion. It’s called the Automatic Exchange of Information – or AEOI. This international collaboration will make it even harder for people who are trying to evade paying tax by hiding money or investments…
Details
Alliott NZ at Accounting & Law Asia Pacific Conference Alliotts was represented from 24-26 May in Osaka, Japan at the Asia Pacific Regional Conference of Alliott Group, the international alliance of professional services firms of which our firm is a member. The conference provided learning, personal development and networking opportunities and was attended this year by 28 professionals…
Details2018 reform of EU data protection rules No doubt, your inbox is brimming with GDPR related emails. Whilst the legislation came into effect last week, the conversation continues.
DetailsFinance Minister Grant Robertson delivered Budget 2018 to the nation It’s the first Budget for the Labour-NZ First Government and forms a key part of the narrative around where and how our new Government wishes to recalibrate the longer term destination for the country. Tax – Reconfiguring the incentives for R&D In the lead up to Budget…
Details
Alliotts shortlisted for prestigious Newmarket Business Award Alliott NZ Chartered Accountants have been shortlisted as Finalist in the Best Small / Medium Business of the Year (non-retail) category at this year’s Newmarket Business Awards in Auckland. The announcement comes in the wake of a rigorous first-round judging process to whittle down almost 100 entries across…
DetailsWealthy, healthy and prizes That fiscal prudence has come at the ‘cost’ of fewer giveaways than might have been the case ahead of an election. We expect the government to gain favourable comment for banking some of the revenue gains with enough left over for a variety of measures, including personal income tax cuts. “By…
Details
Alliotts case study: Armitage Group Auckland’s award-winning Armitage Group, operating in New Zealand since 1994, is a well-known supplier of preference to private sector infrastructure engineers and developers, civil contractors and government authorities. As a technology integrator with four offices in New Zealand and Australia, Armitage supplies, installs and maintains electronic and mechanical systems in…
DetailsTax on retail sales of goods and services into Australia Australian goods and services tax (GST) may apply to you for retail sales of low-value goods, services or digital products to Australia. Retailers, online marketplaces and goods re-deliverers may need to register and pay GST to the Australian Taxation Office. GST is a consumption tax…
Details
