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.
Business As Usual At NZTax.com.au
As the impact of the Coronavirus continues to evolve in a way we simply couldn’t have predicted just a few short weeks ago, we wanted to reach out to update you on how we are responding to these new challenges at NZTax.com.au.
We are hearing from our clients that they need us more than ever to keep them updated on the New Zealand business environment, to keep them abreast of assistance and to help them do what needs to be done to get it.
New Zealand Goes Into Complete Lockdown For 4 Weeks
Prime Minister Jacinda Ardern has announced that New Zealand will be in full lockdown for a period of 4 weeks.
New Zealand has expanded its wage subsidy by removing the cap of $150,000 for businesses. Previously that cap meant that only businesses with up to 21 employees will be covered.
Obligations To Pay New Zealand Staff Impacted By Coronavirus – Sick or Self-isolation
These are difficult times. Communication is paramount but what you can share with others is subject to New Zealand’s Privacy Act.
Is an employee entitled to sick pay when they are in self-isolation?
New Zealand Government Stimulus Package: Coronavirus
“This is going to hurt”. That’s the message from New Zealand Prime Minister, Jacinda Ardern as the country prepares for the consequences of the Coronavirus outbreak.
The New Zealand government has announced that it is preparing to spend big in order to reduce the impact on the New Zealand economy.
Coronavirus Impact When Importing Goods Into, Or Exporting Goods From, New Zealand
There have been a number of announcements with regard to the tightening of New Zealand’s borders.
To date, these announcements have focused on the movement of people into New Zealand.
End Of Year New Zealand Income Tax Checklist
It’s that time of the year again when you’ll need to start gathering together your accounting and tax information for the year ended 31 March 2020.
Set out below is a list of items that will assist you with this process, and remind you of some of your tax obligations.
New Guidelines For Tax Deductibility When Sending Employees To Do Work In New Zealand
Inland Revenue has issued a new statement to assist in determining the deductibility for New Zealand income tax purposes when costs are incurred in relocating employees to a distant workplace.
This may also address the common question posed by Australian-controlled New Zealand companies where Australian residents are sent to carry out work in New Zealand.
New Zealand Tax Assistance For Businesses Affected By Coronavirus COVID-19
Inland Revenue has announced that tax relief and income assistance are available to people affected by the downturn in business in New Zealand as a result of the outbreak of Coronavirus COVID-19.
They have announced a range of ways to help depending on a person’s circumstances.
Have You Supplied Mobile Phones And Telecommunications To New Zealand Employees?
If you supply telecommunications tools to your New Zealand employees and pay for Internet plans you should be mindful of an announcement by Inland Revenue with regard to income tax deductibility of phones and phone plans.
Unlike in Australia, there is no opportunity to salary sacrifice in New Zealand.
Supplying Product Back To Australia May Be Subject To Australian GST
Australia brought in legislation which impacts on some New Zealand companies supplying product back to Australia.
The new rules particularly impact on Internet sellers and other New Zealand businesses that supply product to consumers in Australia (rather than those that supply to Australian businesses).
Planning On A Hunting Trip To New Zealand? When New Zealand GST Does And Doesn’t Apply
If you are on your way to New Zealand and joining a guided hunt with the intention to bring animal souvenirs back to Australia, is probably going to be New Zealand GST to pay. But depending on what it is will determine how much, if any, GST will be added to the price.
Goods Imported Into New Zealand From Australia Soon To Require New Zealand GST Charge
New Zealand is getting closer to implementing a significant change which will impact on a number of Australian businesses who are exporting small consignments to New Zealand customers.
The current practice is that when goods are shipped to New Zealand in consignments valued at less than $400, they are allowed to pass through New Zealand Customs directly to the customer.
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