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.
- 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.