New Zealand


  • Service: Tax
  • Type: Business and industry issue
  • Date: 17/03/2011


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

Taxmail - Christchurch earthquake 

16 March 2011


The Minister of Revenue today announced that Inland Revenue is considering a

number of tax issues arising from the Christchurch earthquake in February.

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Tax issues


  • Depreciation issues including laws clawing back depreciation from the insurance proceeds on destroyed buildings.
  • A number of statutory dates that oblige taxpayers to take action, especially around 31 March.
  • The tax treatment of donated goods.
  • The redundancy tax credit that expires on 1 April this year.
  • The tax treatment of welfare benefits provided by employers (including ex-gratia payments).


The Minister indicated that Government should be in a position to announce details of decisions on these matters in the next few weeks.



Olive Wallis



021 535 791

John Cantin

Partner – Tax


+64 4 816 4518


Paul Dunne

Partner – Tax


+64 9 367 5991


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

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