The Government is investing $100 million into a new Business Growth Fund, it announced in the latest Budget. This funding is designed to help small- to medium-sized businesses (SMEs) get the investment they need to grow, while allowing owners to keep control. Why...
With the cost of living soaring, interest rates rising and house prices falling, Budget 2022 aimed to deliver a little something to help the average household. In Budget 2022, the Government is investing an average of $5.9 billion per year in new operating spending,...
Certain types of payments received by contractors are known as ‘schedular payments’. The schedular payments regime determines the rate of tax taken out of contractors’ pay. The tax on schedular payments is known as withholding tax. If you’re a contractor, you may be...
If you are a New Zealand resident and trustee of a foreign trust (also known as a ‘resident foreign trustee’) you must register the foreign trust with Inland Revenue and disclose certain detailed information. Foreign trusts also have annual filing obligations. An...
Should New Zealand have a capital gains tax – or does it effectively have one already? Walker Wayland can look at what gains you’ll pay tax on, and what gains are tax-free. New Zealand doesn’t have a single, comprehensive capital gains tax, and although the Tax...
