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Cryptoassets & Income Tax – Inland Revenue’s Rulings
Recently, Inland Revenue reissued their 2019 and 2021 draft public rulings on the tax treatment of cryptoassets when they are paid as remuneration to employees. On 15 May 2023 Inland Revenue issued final versions of rulings.
Inland Revenue Issues Public Rulings on GST Treatment of Director and Board Member Fee
Recently Inland Revenue released three public rulings outlining the GST requirements for directors and board members that will apply indefinitely from 1 April 2023.
Remote Working - Know Your Tax Risks
Remote working became the norm during the height of the pandemic, and since then employers seem to be far more willing to allow staff to work from home.
Government's controversial tax Bill unpacked
On 30 August 2022 the Government released its Taxation (Annual Rates for 2022-23, Platform Economy, and Remedial Matters) Bill (Bill).
Interest Deductibility and New Builds - does the Draft Legislation Stack Up?
On 28 September 2021, the Government released their draft legislation for amendments to interest deductibility legislation and how new builds will be treated for bright-line tax purposes.
Tax implications of Government Support Payments during COVID-19
Following the discovery of a community case of the Delta variant of COVID-19, at 11. 59pm on 17 August 2021, New Zealand was placed into Alert Level 4 Lockdown.