• Service: Tax, Global Indirect Tax, International Executive Services, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 11/26/2013

New Zealand - Proposals affecting employee benefits, thin capitalisation, patents 

November 26: A draft bill introduced in New Zealand, if enacted, would:
  • Affect the rules for taxation of employee allowances, including accommodation when employees are working away from their normal workplace
  • Extend the inbound thin capitalisation rules to cover non-residents acting together when investing in New Zealand
  • Tax certain lease assignment payments
  • Implement the government’s budget announcements concerning the deductibility relating to “black hole” patent, resource consent, and company administration costs
  • Address various goods and services tax (GST) and other policy matters and remedial tax amendments

Read a November 2013 report [PDF 126 KB] prepared by the KPMG member firm in New Zealand: Tax bill changes treatment of employee benefits, extends thin cap and taxes land-related lease payments

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