Category Archives: Accounting

Tax Residency: IRD Interpretation Statement

Posted ago by Editor

This newly published by IRD  Interpretation Statement explains the residence rules in the Income Tax Act 2007, and applies from 1 April 2014.  The analysis in this Interpretation Statement is in three parts. The first part (from [17]) deals with …

List of banks registered in New Zealand

Posted ago by Editor

According to Reserve Bank of New Zealand, the following banks have been registered in New Zealand, as of November 2013: ANZ Bank New Zealand Limited www.anz.co.nz ASB Bank Limited www.asb.co.nz Australia and New Zealand Banking Group Limited www.anz.com Bank of …

New Zealand second best place in the world to do business

Posted ago by Editor

New Zealand has been named the world’s second best country to do business in, according to the annual list compiled by Forbes’ magazine.

International tax disclosure exemption

Posted ago by Editor

The IRD has issued International Tax Disclosure Exemption ITR23, which removes the requirement for a resident to disclose certain investments. The 2012 disclosure exemption also removes the requirement for a non-resident or transitional resident to disclose interests held in foreign …

IRD News: International tax bill enacted

Posted ago by Editor

Legislation introduced in the Taxation (International Investment and Remedial Matters) Bill received Royal assent on 7 May. The resulting Act is available on New Zealand Legislation website. A special report on the new reforms expected to be  published by IRD in …