New Zealand Master Tax Guide 2014

The Master Tax Guide, New Zealand’s most popular tax handbook, contains practical examples and concise summaries of legislation, cases and IRD rulings and statements affecting the 2013/2014 and future tax years. The commentary is concise and easy to read.

Recent legislative changes covered include:

• new expenditure apportionment rules for certain mixed-use assets
• new calculation method for some foreign currency hedges
• changes to livestock valuations
• changes to the time periods for claiming refunds
• clarification of the definition of “dividend” for certain rights issues, premiums paid under bookbuild arrangements and share splits
• changes to the taxation of lease inducement and lease surrender payments
• changes to the tax treatment of salary trade-offs
• GST changes, including amending the rules governing when a non-resident business can register for GST and claim input tax deductions, inserting a new zero-rating rule for tooling costs, and changing the invoice requirements for supplies by agents.

The new edition also includes discussion of various proposals introduced under the Taxation (Annual Rates, Foreign Superannuation, and Remedial Matters) Bill, including:

• proposed new rules for New Zealand residents with interests in foreign superannuation schemes
• new tax rules relating to the mining of specified minerals
• changes to WFF tax credits
• changes to the rules regarding bad debt deductions for holders of debt.

As well as the comprehensive guidebook, you also receive:

• a free copy of New Zealand Depreciation Rates
• a free eBook version of the New Zealand Master Tax Guide.