DOCSLIB.ORG

New Zealand Contents

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
New Zealand Contents Oil and gas taxation in New Zealand Contents 1.0 Summary 1 7.0 Withholding taxes 7 2.0 Corporate income tax 1 7.1 Overview 7 2.1 In general 1 7.2 Dividends 7 2.2 Rates 1 7.3 Interest 7 2.3 Taxable income 1 7.4 Rents and royalties 7 2.4 Revenue 1 7.5 Other 7 2.5 Deductions and allowance 2 7.6 Tax treaties 8 2.6 Losses 4 8.0 Indirect taxes 8 2.7 Foreign entity taxation 4 8.1 Goods and services tax 8 3.0 Other corporate income tax§4 8.2 Import, export, and customs 8 duties 3.1 Additional taxation 4 8.3 Fringe benefit tax 8 4.0 Tax incentives 5 8.4 Excise tax 9 4.1 General incentives 5 8.5 Stamp tax 9 5.0 Payments to related parties 5 9.0 Other 9 5.1 Transfer pricing 5 9.1 Choice of business entity 9 5.2 Thin capitalization 5 9.2 Foreign currency 10 5.3 Interest deductibility 6 9.3 Employee rights and 10 6.0 Transactions 6 remuneration 6.1 Capital gains 6 9.4 Environmental taxes 11 6.2 Asset disposals 6 10.0 Oil and gas contact information 12 6.3 Like-kind exchanges and 6 involuntary conversions 6.4 Abandonment 6 6.5 Sharing arrangements and 7 farm-outs Deloitte Taxation and Investment Guides www.deloitte.com/taxguides Oil and Gas Tax Guide Tax professionals of the member firms of Deloitte Touche Tohmatsu Limited have created the Deloitte International Oil and Gas Tax Guides, an online series that provides information on tax regimes specific to the oil and gas industry. The Guides are intended to be a supplement to the Deloitte Taxation and Investment Guides, which can be found at www.deloitte.com/taxguides. For additional information regarding global oil and gas resources, please visit our website: www.deloitte.com/oilandgas 1.0 Summary The principal New Zealand taxes and rates applicable to companies in the oil and gas extraction business are: • Corporate income tax 28% • Goods and services tax 15% • Non-resident withholding tax* – dividends 30% – interest 15% – royalties 15% * Subject to reduction under an applicable tax treaty New Zealand does not have an excess profits tax or alternative minimum tax. Royalties are payable to the New Zealand Government upon extraction of oil and gas, such payments are covered in Section 3.0. 2.0 Corporate income tax 2.1 In general A New Zealand resident company is subject to tax on all income, whether derived locally or from abroad. A non-resident company is liable for tax only on income sourced from New Zealand. The definition of residence for tax purposes encompasses any company that is incorporated in New Zealand, has its head office in New Zealand or has its center of management in New Zealand, or a company over which control is exercised by directors in New Zealand, regardless of whether they also make decisions outside New Zealand. As New Zealand’s rules defining corporate residence are broad, a company resident in New Zealand may also be resident in another country. Special consideration should be given to how any relevant tax treaties will address this situation. Extraction activities undertaken in New Zealand, or above or within the continental shelf beyond New Zealand’s territorial sea (as defined in Section 3 of the Territorial Sea, Contiguous Zone, and Exclusive Economic Zone Act 1977) will be regarded as having a source in New Zealand. This essentially equates to the New Zealand “exclusive 200 mile zone”. Special rules apply to the acquisition and disposal of petroleum mining permits, exploration and development expenditure and production wells (including costs relating to failed production wells). 2.2 Rates The corporate tax rate is 28% with effect from the beginning of the 2012 and future income years. A branch is taxed at the same rate as a subsidiary. 2.3 Taxable income Taxable income is broadly “assessable income” less any allowable deductions. Assessable income includes amounts derived from business, and may also include amounts derived from the disposal of land if the land was acquired with the purpose of disposal or as part of dealing in such property. Assessable income also includes attributed income from controlled foreign companies (“CFCs”) and foreign investment funds. Most ordinary and necessary business expenses are deductible in arriving at taxable income. 2.4 Revenue For a New Zealand resident company, assessable income includes all worldwide income and gains. Non-residents are subject to tax on New Zealand sourced income only, subject to the provisions of relevant tax treaties. In addition to ordinary concepts of revenue, a petroleum miner will specifically derive assessable income from the consideration received for the disposal of exploratory material or a petroleum mining asset. Oil and gas taxation in New Zealand 1 2.5 Deductions and allowances Exploration costs Exploration costs are deductible in the year in which the expenditure is incurred. Specific rules apply where exploration costs are incurred on property which is subsequently disposed. Petroleum exploration expenditure includes: • exploratory well expenditure (expenditure on planning, drilling, testing, completing and abandoning an exploratory well); • prospecting expenditure (including prospecting by electrical, geochemical, gravimetric, magnetic, radioactive, seismic or other geological methods); and • expenditure to acquire an existing privilege, prospecting or exploration permit for petroleum. It is important to note that certain expenditure on petroleum mining assets and ‘residual expenditure’ is specifically excluded from the definition of petroleum exploration expenditure. Residual expenditure includes: • application fees payable for a petroleum permit; • insurance premiums; • royalties paid under the Petroleum Act 1937 or Crown Minerals Act 1991; • rates; • land or building lease payments; • interest; and • certain financial arrangements entered into before 20 May 1999. These items are likely to be deductible under the general rules. Development costs A petroleum miner is allowed a deduction for petroleum development expenditure incurred by them. This expenditure may be allocated to an income year by one of two methods: • the straight line method, whereby expenditure is allocated evenly over the seven years from the income year when the expenditure is incurred; or • the units of production (‘reserve depletion’) method. The reserve depletion method allows all petroleum development expenditure to be allocated over the life of the field (based on proven and probable 2P reserves) as the petroleum reserves deplete. In this way, deductions for petroleum development expenditure better match the field’s decline in value. However this method is only able to be used: • once the field commences production, and • only in relation to petroleum development expenditure incurred from the first year the field goes into production. It is also important to note that any election to use this method is irrevocable. Development expenditure allocated to future income years may become deductible in full in the income year in which the permit is relinquished or disposed of for consideration. Special provisions will apply if the permit is disposed of to an associated person or a person holding the permit on behalf of the petroleum miner. Costs relating to failed or dry production wells are deductible in the year of abandonment, instead of deductions being spread over seven years. A deduction for any remaining well development expenditure can be claimed in the year that the production well ceases producing and is abandoned, if the taxpayer is allocating development expenditure under the reserve depletion method. Oil and gas taxation in New Zealand 2 Depletion Where a well ceases to produce petroleum in commercial quantities and is abandoned, and the petroleum miner is deducting development expenditure incurred on the reserve depletion basis, the remaining deduction which is unallocated to an income year is deductible in the income year that the well is abandoned. Removal or restoration costs A petroleum miner is allowed a deduction for expenditure that they incur on removal or restoration operations, including abandonment. Where this deduction results in a tax loss available to be carried forward, the amount of the deduction may be spread backwards to offset taxable income in earlier income years (as discussed at point 2.6 below). In circumstances where deductions are not allowed via the spreading method above, but the expenditure is incurred in relation to the monitoring, mitigation or restoration of harm incurred as a result of the discharge of a contaminant, a deduction will be allowed in the year the amount is incurred. Petroleum mining outside New Zealand Prior to 4 March 2008, a petroleum miner carrying on petroleum mining operations outside New Zealand through a branch or a CFC could apply New Zealand tax provisions to the foreign operations and deduct expenditure incurred outside New Zealand on exploration or development activities against New Zealand-sourced income where the foreign operations were of substantially the same nature as the New Zealand activities. However, this position has since been revised and any expenditure incurred in relation to a foreign petroleum mining operation on or after 4 March 2008 can only be offset against foreign-sourced income from petroleum mining operations. General deductions A deduction from assessable income is allowed for expenditure or losses incurred in deriving assessable or excluded income, or carrying on a business for the purpose of deriving assessable income or excluded income. This general rule is subject to certain limitations. For example, capital expenditure (with the exception of certain expenses of petroleum miners), expenditure of a private or domestic nature, expenditure incurred in producing exempt income and expenditure relating to employment are generally not allowed as deductions. In addition, expenditure that relates to exempt income or to the derivation of non-resident passive income is also not deductible.
Load more

Recommended publications
  • The Effectiveness of Tax Reviews in New Zealand: an Evaluation and Proposal for Improvement
    THE EFFECTIVENESS OF TAX REVIEWS IN NEW ZEALAND: AN EVALUATION AND PROPOSAL FOR IMPROVEMENT The Centre for Commercial and Corporate Law Inc 2020 i The Effectiveness of Tax Reviews in New Zealand: An Evaluation and Proposal for Improvement Published in Christchurch by The Centre for Commercial & Corporate Law Inc School of Law, University of Canterbury Private Bag 4800, Christchurch, New Zealand ISBN 978-0-473-52769-3 This publication is copyright. Other than for the purposes of and on the conditions prescribed by the Copyright Act no part of this publication may be reproduced, stored in a retrieval system or transmitted, in any form or by any means whether electronic, mechanical, microcopying, photocopying, recording or otherwise without the prior written permission of the copyright owner(s). The publisher, authors and editors expressly disclaim any and all liability to any person whether a purchaser of this publication or not in respect of anything or the consequences of anything done or omitted in reliance in whole or part. Published by the University of Canterbury ii Foreword FOREWORD This book proposes the establishment of a New Zealand Taxation Review Commission (NZTRC). It develops its argument for this in two ways. First, there is a survey of ad hoc tax reviews between 1922 and 2019. This survey ends with an analysis of the learnings that can be drawn from these reviews and draws together some thoughts on the characteristics of ‘best practice’ for review committees. Secondly, lessons are sought from a selection of permanent bodies that consider aspects of tax policy in a number of other countries.
    [Show full text]
  • New Zealand 1 │
    NEW ZEALAND 1 │ Taxing Energy Use 2019: Country Note - New Zealand This note explains how New Zealand taxes energy use. The note shows the distribution of effective energy tax rates – the sum of fuel excise taxes, explicit carbon taxes, and electricity excise taxes, net of applicable exemptions, rate reductions, and refunds – across all domestic energy use. It also details the country-specific assumptions made when calculating effective energy tax rates and matching tax rates to the corresponding energy base. The note complements the Taxing Energy Use 2019 report that is available at http://oe.cd/TEU2019. The report analyses where OECD and G20 countries stand in deploying energy and carbon taxes, tracks progress made, and makes actionable recommendations on how governments could do better to use taxes to reach environmental and climate goals. The general methodology employed to calculate effective energy tax rates and assign tax rates to the energy base is explained in Chapter 1 of the report. The official energy tax profile for New Zealand can be found in Chapter 2 of the report. Chapter 3 additionally shows effective carbon tax rates per tonne of CO2, and presents the corresponding carbon tax profiles for all countries. The report also contains StatLinks to the official data. Structure of energy taxation in New Zealand As at 1 July 2018,1 the main taxes on energy use in New Zealand are the following: • Excise taxes, earmarked to the National Land Transport Fund (NLTF), apply to gasoline, LPG and CNG, methanol when used for propellant purposes. • As at 1 July 2018, gasoline and diesel used in the Auckland region is additionally subject to a surcharge of NZD 0.10 per litre.2 • In addition, several levies apply at very low rates, compared to the excise taxes.
    [Show full text]
  • An Exploratory Overview of Property Taxation in the Commonwealth of Nations Riël C.D. Franzsen and William J. Mccluskey
    An Exploratory Overview of Property Taxation in the Commonwealth of Nations Riël C.D. Franzsen and William J. McCluskey © 2005 Lincoln Institute of Land Policy Working Paper The findings and conclusions of this paper are not subject to detailed review and do not necessarily reflect the official views and policies of the Lincoln Institute of Land Policy. Please do not photocopy without permission of the authors. Contact the authors directly with all questions or requests for permission. Lincoln Institute Product Code: WP05RF1 Abstract This study provides an overview of the property tax systems in the 53 member states of the Commonwealth of Nations, as well as Zimbabwe (a member state until its withdrawal in 2003) and Montserrat, a British dependency. An annual tax on property is levied in 49 of the 55 countries studied. For a variety of reasons property tax is not utilised optimally in any one of the 46 developing countries studied. However, it is generally recognised in most of these countries that property tax could and should become a more important source of own revenue for especially urban municipalities or, in respect of the various small island states in the Caribbean and the Pacific region, where local government does not exist, at central government level. Although comprehensive property tax legislation exists in most of the jurisdictions studied, giving practical effect to the provisions of the law presents problems in many of these countries – with the developed countries the general exceptions. A wide variety of tax bases are used and typically the property tax coverage in many if not most of the developing countries is unsatisfactory.
    [Show full text]
  • Worldwide Estate and Inheritance Tax Guide
    Worldwide Estate and Inheritance Tax Guide 2021 Preface he Worldwide Estate and Inheritance trusts and foundations, settlements, Tax Guide 2021 (WEITG) is succession, statutory and forced heirship, published by the EY Private Client matrimonial regimes, testamentary Services network, which comprises documents and intestacy rules, and estate Tprofessionals from EY member tax treaty partners. The “Inheritance and firms. gift taxes at a glance” table on page 490 The 2021 edition summarizes the gift, highlights inheritance and gift taxes in all estate and inheritance tax systems 44 jurisdictions and territories. and describes wealth transfer planning For the reader’s reference, the names and considerations in 44 jurisdictions and symbols of the foreign currencies that are territories. It is relevant to the owners of mentioned in the guide are listed at the end family businesses and private companies, of the publication. managers of private capital enterprises, This publication should not be regarded executives of multinational companies and as offering a complete explanation of the other entrepreneurial and internationally tax matters referred to and is subject to mobile high-net-worth individuals. changes in the law and other applicable The content is based on information current rules. Local publications of a more detailed as of February 2021, unless otherwise nature are frequently available. Readers indicated in the text of the chapter. are advised to consult their local EY professionals for further information. Tax information The WEITG is published alongside three The chapters in the WEITG provide companion guides on broad-based taxes: information on the taxation of the the Worldwide Corporate Tax Guide, the accumulation and transfer of wealth (e.g., Worldwide Personal Tax and Immigration by gift, trust, bequest or inheritance) in Guide and the Worldwide VAT, GST and each jurisdiction, including sections on Sales Tax Guide.
    [Show full text]
  • Some Tax Policy Considerations
    Third Sector Enterprise: Some Tax Policy Considerations Jonathan Barrett and John Veal* I INTRODUCTION Bright lines do not satisfactorily demarcate charitable and entrepreneurial operational domains.1 In New Zealand, for example, Sanitarium,2 the non-spiritual arm of the Seventh Day Adventist church, directly competes with multinational corporations,3 such as Kellogg’s,4 and domestic firms, notably Hubbard’s,5 in the field of breakfast cereals.6 * School of Business, Open Polytechnic, New Zealand. This paper should be considered work in progress. 1 Of the total income for non-profit institutions, 61 percent came from the sale of goods and services.’ See ‘Statistics New Zealand, Non-profit Institutions Satellite Account: 2004 (2007) <http://www.stats.govt.nz>. 2 The Sanitarium brand is used in New Zealand by the New Zealand Health Association Ltd which is owned by The New Zealand Conference Association, itself part of the Seventh Day Adventist Church in New Zealand 1 group; the latter two organisations are registered charities. For convenience sake, Sanitarium will be referred to as if it were a trading company. 3 It may be noted that Sanitarium manifests the kinds of behaviour expected of multinational corporations particularly in defending its intellectual property. See, for example, Garry Williams, ‘Marmite® v Ma’amite: Why did Sanitarium® freak?’ NZlawyer (Online), 9 November 2012 <http://www.nzlawyermagazine.co.nz/NZLawyerextraarchive/Bulletin62/extra62F1/tabid/4820/Default.a spx>. 4 Kellogg (New Zealand) Ltd is a wholly owned subsidiary of Kellogg (Aust.) Pty. Ltd and part of the United States-listed Kellogg’s Company. Kellogg’s bases its corporate responsibility strategy on ‘the four pillars’ of ‘Marketplace, Workplace, Environment and Community’.
    [Show full text]
  • Tax Avoidance: Causes and Solutions
    Tax Avoidance: Causes and Solutions Ling Zhang Master of Business 2007 The thesis submitted to Auckland University of Technology in partial fulfillment of the degree of Master of Business. Table of content 1.0 Introduction .............................................................................................. 3 1.1 Background Overview ................................................................................................. 3 1.2 New Zealand tax system .............................................................................................. 4 1.3 New Zealand Tax Policy .............................................................................................. 6 1.4 History of New Zealand income tax ............................................................................ 6 1.5 Tax avoidance in New Zealand .................................................................................... 7 1.6 Structure of the thesis ................................................................................................... 8 2.0 Defining tax avoidance ............................................................................. 9 2.1 Modeling tax avoidance – accounting analysis .......................................................... 10 2.2 Income splitting .......................................................................................................... 13 2.2.1 Description .......................................................................................................... 13 2.2.2 Case law .............................................................................................................
    [Show full text]
  • IRRUIP15 – Income Tax – Trusts and the Australian-New Zealand Double Tax Agreement (PUB00339)
    26 March 2021 Public Consultation Inland Revenue Wellington By email: [email protected] Re: IRRUIP15 – Income tax – trusts and the Australian-New Zealand Double Tax Agreement (PUB00339) 1. Introduction 1.1 The New Zealand Law Society | Te Kāhui Ture o Aotearoa (Law Society) welcomes the opportunity to comment on Issues Paper: IRRUIP15 – Income tax – trusts and the Australian- New Zealand Double Tax Agreement (issues paper). The Law Society appreciates Inland Revenue’s willingness to consult with interested parties on these complex issues. The Law Society’s Tax Law Committee has reviewed the issues paper and comments are provided below. 2. References to complying trusts, foreign trusts and non-complying trusts 2.1 The issues paper takes the position that the trustee of a complying trust is “liable to tax as a resident”, and therefore entitled to treaty relief, but a trustee of a foreign trust or a non- complying trust is not. In this respect, the analysis in the issues paper is based on a fundamental misconception about how income derived by trustees is taxed in New Zealand. 2.2 Contrary to the position taken in the issues paper, whether a trustee is subject to comprehensive taxation in New Zealand (i.e. taxed in New Zealand on the trustee’s worldwide income) turns on whether a settlor of the trust is tax resident in New Zealand at any time during the income year, whether (if the trust is a foreign trust with a New Zealand tax resident trustee) the trustee has complied with its disclosure obligations under the Tax Administration Act 1994, and whether an election has been made to pay New Zealand income tax on the trustee’s worldwide income (including any non-resident withholding income).
    [Show full text]
  • A Tax System for New Zealand's Future
    A Tax System for New Zealand’s Future Report of the Victoria University of Wellington Tax Working Group January 2010 A Tax System for New Zealand’s Future Report of the Victoria University of Wellington Tax Working Group January 2010 Centre for Accounting, Governance and Taxation Research, Victoria University of Wellington, Wellington, New Zealand ISBN 978-0-478-35006-7 (Print) 978-0-478-35007-4 (Online) PAGE 1 Contents Foreword 5 Summary 9 Chapter 1: A World-Class Tax System: the Approach of the Tax Working Group 13 1.1 The need for change 13 1.2 The role of taxes 13 1.3 Problems with the current system 16 1.4 A future tax system for New Zealand 19 Chapter 2: Concerns with the Current Tax System 21 2.1 Problems with the structure of the New Zealand tax system 21 2.2 A lack of coherence, integrity and fairness 28 2.3 The sustainability of the current tax system 33 Chapter 3: Options for Change to the New Zealand Tax System 37 3.1 Alignment of top personal, corporate, PIE and trust rates, with imputation 38 3.2 Non-alignment of personal, corporate, PIE and trust rates 39 3.3 Ways to broaden the tax base and fund tax reform 44 3.4 Changes to the system of social welfare transfers 55 3.5 Institutional reform 57 Chapter 4: Conclusions and a Way Forward 59 4.1 The status quo is not a viable option 59 4.2 There are choices around taxation reform 60 4.3 A way forward 64 Tax Working Group Background Papers 68 Endnotes 70 PAGE 3 Foreword The Tax Working Group (TWG) was established by Victoria University of Wellington’s Centre for Accounting Governance and Taxation Research, in conjunction with the Treasury and Inland Revenue, in May 2009.
    [Show full text]
  • Adjusting National Tax Policy to Economic Internationalization: Strategies and Outcomes
    A Service of Leibniz-Informationszentrum econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible. zbw for Economics Ganghof, Steffen Working Paper Adjusting national tax policy to economic internationalization: Strategies and outcomes MPIfG Discussion Paper, No. 99/6 Provided in Cooperation with: Max Planck Institute for the Study of Societies (MPIfG), Cologne Suggested Citation: Ganghof, Steffen (1999) : Adjusting national tax policy to economic internationalization: Strategies and outcomes, MPIfG Discussion Paper, No. 99/6, Max-Planck- Institut für Gesellschaftsforschung, Köln This Version is available at: http://hdl.handle.net/10419/43734 Standard-Nutzungsbedingungen: Terms of use: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Documents in EconStor may be saved and copied for your Zwecken und zum Privatgebrauch gespeichert und kopiert werden. personal and scholarly purposes. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle You are not to copy documents for public or commercial Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich purposes, to exhibit the documents publicly, to make them machen, vertreiben oder anderweitig nutzen. publicly available on the internet, or to distribute or otherwise use the documents in public. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, If the documents have been made available under an Open gelten abweichend von diesen Nutzungsbedingungen die in der
    [Show full text]
  • The Use of Land Value Taxation in New Zealand (1891 – 1991)
    THE USE OF LAND VALUE TAXATION IN NEW ZEALAND (1891 – 1991) By Dylan Hobbs A thesis submitted to the Victoria University of Wellington in fulfilment of the requirements for the degree of Doctor of Philosophy School of Accounting and Commercial Law, Victoria University of Wellington 2019 Contents List of Tables ................................................................................................................................. v Abstract ........................................................................................................................................ vii List of Acronyms .......................................................................................................................... ix Acknowledgments ......................................................................................................................... xi Chapter 1: Introduction ................................................................................................................. 1 1.1 Research Design .................................................................................................................. 3 1.2 Research Questions ............................................................................................................. 3 1.3 Research Justification.......................................................................................................... 5 1.4 Thesis Structure ..................................................................................................................
    [Show full text]
  • New Zealand's Forgotten Income Taxt
    26 New Zealand's Forgotten Income Taxt OGY KABZAMALOV* I INTRODUCTION 1844 marks the year in which one of the most significant events in New Zealand's tax history took place. A concoction of social, political and economic factors led to the promulgation of the Property Rate Ordinance (the Ordinance), which abolished indirect taxes and, in their place, imposed a one per cent flat tax on the combined value of taxpayers' income and property. The Ordinance was heralded as ushering in a new era of just and equitable taxation. It was repealed only six months later. For reasons unknown, the history surrounding this fiscal revolution has been largely forgotten, and most modem commentators believe that New Zealand's first income tax was imposed by the Land and Income Assessment Act 1891. In fact, the Ordinance preceded that Act by almost half a century. It therefore also gave New Zealand the distinction of being one of the first British colonies to impose a tax on income. This article examines the events that led to the creation of the Ordinance, the way in which the tax operated, and the factors that led to its downfall. Such an analysis is important for several reasons. It has been said that "[t]he history of state revenue production is the history of the evolution of the state".' A detailed examination of the Ordinance provides a snapshot of the social, political and economic circumstances of New Zealand at a very important stage in its history. The Ordinance is an important primary source from which it is possible to reconstruct life and thought patterns in colonial New Zealand, and it sheds light on important historical events, figures and policies from a tax perspective.
    [Show full text]
  • Doing Business Guide New Zealand
    Edition No. 1 March 2019 Doing Business Guide New Zealand This guide has been produced by the Morison KSi New Zealand member About This firm for the benefit of their clients and associate offices worldwide who are Guide interested in doing business in New Zealand. Its main purpose is to provide a broad overview of the various things that should be considered by organisations when setting up business in New Zealand. The information provided cannot be exhaustive and – as underlying legislation and regulations are subject to frequent changes – we recommend anyone considering doing business in New Zealand or looking to the area as an opportunity for expansion should seek professional advice before making any business or investment decision. While every effort has been made to ensure the accuracy of the information contained in this guide, no responsibility is accepted for its accuracy or completeness. The information in this guide is up to date as at the edition date. For more information, please contact: Hayes Knight www.hayesknight.co.nz Business Advisory Taxation Tristan Dean Phil Barlow Business Advisory Director Tax Director E: [email protected] E: [email protected] T: +64 9 448 3231 T: +64 9 448 3233 Hayes Knight office locations Level 1 Level 2 5 William Laurie Place 31-33 Great South Road Albany Newmarket Auckland 0632 Auckland 1051 T: +64 9 414 5444 F: +64 9 414 5001 While every effort has been made to ensure the accuracy of the information contained in this booklet, no responsibility is accepted for its accuracy or completeness.
    [Show full text]