New Zealand


  • Service: Tax
  • Type: Business and industry issue
  • Date: 10/05/2011


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

Taxmail - International Tax Bill 

Issue 1, May 2011


The Taxation (International Investment and Remedial Matters) Bill (the "Bill") has been reported back by the Finance and Expenditure Select Committee of Parliament ("FEC").

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The FEC has suggested a number of amendments to the proposals in the Bill, which include:


  • changes to the tax rules for non-portfolio Foreign Investment Fund ("FIF") investments to mirror the active business exemption for shareholdings in controlled foreign companies ("CFCs")
  • an extension of the thin capitalisation rules to non-portfolio FIFs and a new thin capitalisation test for "low asset" companies
  • a 0% rate of Approved Issuer Levy ("AIL") for certain qualifying bonds issued to non-residents.


Dinesh Naik



Phone: 09 367 5867

Tony Joyce



Phone: 04 816 4512

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

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