New Zealand Tax Update
5
© Baucher Consulting Limited November 2013 All rights reserved. Tax Update SBA Conference November 2013 Terry Baucher, Baucher Consulting Ltd
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In this presentation in the SBA Conference, Terry Baucher of Baucher Consulting (www.baucherconsulting.co.nz) discusses recent developments in today's tax, GST apportionment, correct procedure for paying dividends, the IRD Audit activity and all other new developments. Presented in November 2013.
Transcript of New Zealand Tax Update
© Baucher Consulting Limited November 2013 All rights reserved.
Tax Update
SBA Conference
November 2013
Terry Baucher, Baucher Consulting Ltd
© Baucher Consulting Limited November 2013 All rights reserved.
Today’s Topics
1. Recent developments
2. GST apportionment
3. Overdrawn current accounts – issues and options
4. Dividends – the basics
5. Inland Revenue Audit Activity
6. New legislation and other new developments
© Baucher Consulting Limited November 2013 All rights reserved.
Recent Developments
1.Inland Revenue draft Interpretation Statement INS 0117 – Income Tax Residence
2.Inland Revenue Interpretation Statement IS 13/01 – Tax Avoidance
3.Taxation (Livestock Valuation, Assets Expenditure, and Remedial Matters) Act 2013
© Baucher Consulting Limited November 2013 All rights reserved.
IRD draft interpretation statement INS 0117 – Income Tax Residence
Released December 2012, submissions closed 31 January 2013
Permanent Place of Abode primary test of residence
Draft interpretation statement puts greater emphasis on availability of dwelling with result more persons likely to be deemed to be resident
Would adopt view that draft interpretation statement represents IRD’s current practice
© Baucher Consulting Limited November 2013 All rights reserved.
For further information please contact Terry Baucher
09 486 6200
www.baucherconsulting.co.nz
