Property sales and tax The IRD have added a new ‘decision tree’ and two new online calculators on their website to assist taxpayers on deciding whether or not a property sale is taxable or not. The new calculators include information on the new Bright Line test that applies to property sales after 1 October, 2015. …
Provisional Tax changes The government has signalled some significant changes to Provisional Tax from 2017. Specific details are still being worked through and nothing has been finalised but we are able to highlight some of the key recommendations: The threshold for Use of Money Interest would increase from $50,000 to $60,000 Use of Money Interest …
New legislation will see GST applied to online services from 1 October this year. GST will impact consumers who purchase remote services and intangibles supplied by non-resident suppliers. That’s all a bit of a mouthful but in essence it will impact you if you are buying e-books, music, software downloads or videos from companies based …
