Check Out The Latest NZ Tax Updates
We include updates and reminders about NZ tax changes for those carrying on a business in New Zealand and for individuals who still have tax ties there.
Some New Zealand Fines Are Tax-Deductible
While preparing New Zealand income tax and GST returns we are noticing a tendency for clients to claim a tax deduction for parking fines, late fees charged by the New Zealand Companies Office and the like.
Unfortunately, the tax rules ensure you do not get a benefit from being naughty.
Management Fees Charged By Australian Companies Now Have Additional New Zealand Tax Complications
From the current tax year (the one starting 1 April 2015) there are certain transactions that deal with associated persons that are now required to be reported for New Zealand tax purposes.
They apply when the associated person is not a tax resident of New Zealand.