New Zealand

Details

  • Service: Tax
  • Type: Business and industry issue
  • Date: 3/02/2012

Contact us

Paul Dunne
Partner - Tax
KPMG
Phone: +64 9 367 5991

pfdunne@kpmg.co.nz 

 

John Cantin
Partner - Tax
KPMG
Phone: +64 4 816 4518

jfcantin@kpmg.co.nz

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 - Tax briefing to new Government released 

Issue 1, February 2012

 

The Briefing for the Incoming Minister of Revenue – 2011 (BIM) outlines Inland Revenue’s view of the key issues and challenges for the tax system in the short-to-medium term, and how they may impact on the new Government’s fiscal and economic priorities.  It also outlines the key pressure areas for Inland Revenue in administering the tax system.

taxmail - tax briefing
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While the overall tax system gets a big tick, a warning is sounded over the challenges facing Inland Revenue as administrator, given its increasing functions. 

 

On the tax policy front, while Inland Revenue supports the present “Broad Based Low Rate” taxation framework, the BIM acknowledges that alternative tax models are available.  These generally have lower tax rates on capital income. 

 

The New Zealand Treasury, in its briefing, has highlighted the appropriate taxation of savings and capital remains an important economic issue.

 

 

If you have any questions on the above, please speak to your usual KPMG advisor, or contact Paul Dunne or John Cantin.

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

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