Month: April 2011


Christchurch tax relief on depreciation

By Hayes Knight – 13 April 2011 Revenue Minister Peter Dunne has announced three proposed changes to depreciation rules aimed at giving Christchurch businesses further tax relief, with two of the measures to be extended to general tax law. The three proposed changes in the depreciation rules are rollover relief, timing of deemed sales of […]

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Its all about the strategy

By Hayes Knight – 12 April 2011 Successful CEOs operate in the future and look back to the present and past. They should go where there is no trail, and leave one. Past, Present and Future To help frame a strategy, the BEST system will help to take you from obstacles to action – Barriers, […]

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New Rules for Non-Resident PIE Investors

By Hayes Knight – 7 April 2011 The Government has announced that new tax rules will be legislated to remove a barrier to non-residents investing into New Zealand. Under the current rules, non-residents investing into Portfolio Investment Entities (PIEs) are taxed at 28% on all the income that they earn from a PIE, whether foreign […]

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IRD changes to subvention payments

By Hayes Knight – 7 April 2011 The IRD has recently changed their position on subvention payments. Historically the IRD’s view with subvention payments was that the payments had to be physically paid no later than 31 March of the following income year; a “payment” only recorded by way of intercompany journal was considered insufficient. […]

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Tax Changes from 1 April 2011

By Hayes Knight – 1 April 2011 A number of tax changes announced in the 2010 Budget have come into effect on 1 April or for the 2011/12 income year. These changes are intended to make businesses more competitive and rebalance the economy towards saving and exports. The changes that apply from the beginning of […]

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