New Zealand

Details

  • Service: Tax
  • Type: Business and industry issue
  • Date: 1/04/2011

Tax

Our tax advisory team has the skills and commitment to help you to be competitive and compliant in all areas of business tax.

Taxmail - 1 April tax changes 

Issue 1, April 2011

 

There have been a raft of tax changes, mainly from last year’s Budget, that will have implications for businesses in the year ahead.

 

These include:

  • a drop in the company tax rate cut to 28%
  • loss of tax depreciation on buildings
  • a reduction in the inbound "thin capitalisation" ratio
  • changes to the loss attributing qualifying company regime
  • significant GST changes, including zero-rating rules for land transactions and new change of use rules. 
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This taxmail consider the various practical issues for businesses, arising from these 1 April changes.

 

Contact us

If you would like further information on the new tax changes, or would like to discuss potential tax saving opportunities, please contact your regular KPMG advisor or

 

 

Peter Scott
Partner – Tax
Auckland
+64 9 367 5852
pcscott@kpmg.co.nz

John Cantin
Partner – Tax
Wellington
+64 4 816 4518

jfcantin@kpmg.co.nz

 

 

Taxmail - Comment on topical tax issues from KPMG NZ Tax. 

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