Updates
IRD Use of Money Interest rates
In a time when business confidence surveys are at a 10 year low, and economists have indicated two further official cash rate reductions are imminent, the Inland Revenue has announced an increase to their "use of money interest" rate. Although the IRD have always...
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Do you transact with offshore related parties?
For some time now the IRD has been toiling away to bring our transfer pricing legislation in line with the OECD’s Base Erosion and Profit Shifting (BEPs) actions. While just the mere mention of BEPs can put the staunchest tax accountant into a deep sleep, there are...
read moreCGT proposals dumped
Last week the Government released it’s response to the recommendations of the Tax Working Group (TWG). Most notably, the Government has announced it will not be adopting any of the TWG’s recommendations on capital gains taxation (CGT) and has agreed that no further...
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