AML/CFT Compliance
AML/CFT Compliance AML/CFT Compliance: Emerging practical issues Under the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act 2009, certain businesses are required to put preventative measures in place to help detect and deter money laundering and countering financing of terrorism. Phase 1 of Act has been in force since 2013. It applies to banks, […]
2018 – Year In Review
2018 – Year In Review Kia ora koutou, With another incredibly busy and productive year coming to a close, I would like to take a moment to thank all of my clients and support staff from my two serviced offices in Wellington and Auckland who have contributed immensely to my business during the year! I’ve […]
High Company Income Tax
High Company Income Tax A high company income tax rate is harmful for economic growth Recently, the Government’s Tax Working Group (TWG) released its initial recommendations on how the tax system could be changed. The Government specifically asked the Group to consider the merits of a progressive company tax with lower rates for small businesses. […]
Taxation of Cryptocurrency Transactions
Taxation of Cryptocurrency Transactions Bitcoin and other cryptocurrencies have seen considerable growth over the last 12 months. If you own and use any crypto personally or in business, you’ve probably started investigating your potential tax obligations. In simplest terms, cryptocurrency is money that only exists digitally or virtually. Cryptocurrency uses cryptography and blockchain technology to […]
Immigration Policy Changes – 8 August 2018
Immigration Policy Changes – 8 August 2018 Following a public consultation, Government has come up with changes to immigration settings that impact post-study work rights for international students. The changes are: to remove the employer-assisted post-study work visas at all levels; to provide a one-year post-study open work visa for students studying Level 4 – […]
Cross Boarder Tax Issues
Cross Boarder Tax Issues Tax treatment of withdrawals from foreign superannuation schemes People living and working overseas may contribute to a foreign superannuation (“super”) scheme. For example, New Zealanders who live and work overseas may be required to contribute to a work-related scheme. Non-residents migrating to New Zealand may also have foreign super scheme interests […]
On International Tax
On International Tax International tax is technical in nature and in high political focus. International tax is technical in nature and in high political focus. Governments are taking decisive action to tackle tax evasion and avoidance and ensure all taxpayers pay their fair share. Central to this effort is ensuring that countries implement the internationally […]
The Vital Role of Immigration in Sustaining New Zealand’s Economy Amid an Aging Population
The Vital Role of Immigration in Sustaining New Zealand’s Economy Amid an Aging Population New Zealand, renowned for its breathtaking landscapes and high quality of life, faces a demographic challenge that could have profound implications for its economic sustainability: an aging population. As the proportion of elderly citizens rises, the workforce shrinks, leading to a […]
New Zealand Government rules out introducing Capital Gains Tax
There were good reasons for ruling out Capital Gains Tax. Let’s have a look at some arguments for and against. Whenever we look at improving our tax system it is predictable that capital gains tax will be raised as an option. It has been examined in 1967, 1978, 1982, 1987, 1988, 1989, 2001, and 2009, […]
New Zealand’s Interim Visa vs Australia’s Bridging Visas
New Zealand’s Interim Visa vs Australia’s Bridging Visas Navigating immigration systems can be a complex and stressful experience, especially when awaiting a decision on a substantive visa application. Two visas designed to bridge this waiting period are New Zealand’s Interim Visa and Australia’s Bridging Visa. While both serve a similar purpose, the differences in their […]
