New Zealand

Details

  • Service: Tax
  • Type: Business and industry issue
  • Date: 16/09/2011

Tax

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Paul Dunne
Partner - Tax

+64 9 367 5991 

pfdunne@kpmg.co.nz

 

John Cantin
Partner - Tax
+64 4 816 4518

jfcantin@kpmg.co.nz

 

Taxmail - Omnibus remedial tax matters Bill introduced 

Issue 2, October 2010

 

The Taxation (Annual Rates, Returns Filing and Remedial Matters) Bill was introduced today. It contains a range of measures, including a number of remedial amendments to recent policy tax changes.

The key tax policy change in the Bill is to the treatment of shares issued under a profit distribution plan (“PDP”).

 

These distributions will be treated as taxable dividends. The Bill also provides legislative certainty for deductibility of unsuccessful software projects (this change was announced in June this year).


The Bill and accompanying commentary are available at www.taxpolicy.ird.govt.nz.

 

This taxmail highlights some of the key changes.

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

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