Global

Details

  • Service: Tax, International Corporate Tax, Global Compliance Management Services
  • Type: Regulatory update
  • Date: 10/1/2012

New Zealand - Lease-inducement tax changes effective April 2013 

October 1:   New Zealand’s Revenue Minister announced “refinements” to proposed changes to the taxation of lease inducements for commercial property that would:
  • Shift the application date for the proposals from 26 July 2012 to 1 April 2013
  • Confirm the deductibility of lease inducement payments to landlords
  • Address concurrently the assessability / non-deductibility of lease surrender payments

Read a September 2012 report [PDF 66 KB] prepared by the KPMG member firm in New Zealand: 1 April 2013 application date for lease inducement tax changes




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