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When you pay staff, you are required to deduct certain amounts from their wages (such as PAYE, KiwiSaver contributions, and student loan repayments) and pass those amounts on to Inland Revenue. Although the money moves through your business bank account, it is not business income.  It belongs to your employees and the tax system.  Inland Revenue has recently made it very clear that failing to pass these deductions on is treated as a serious issue, not an administrative slip.

From 1 April 2026, people transferring a UK pension to a New Zealand QROPS will be able to access a new tax payment option known as “scheme pays”.  This change represents a significant shift in how overseas pension transfers are taxed in New Zealand and is expected to be particularly beneficial for individuals on higher marginal tax rates.  However, while the new rules offer welcome flexibility, they also highlight just how important it is to correctly understand New Zealand

The Government has announced details of proposed legislation that will allow holders of the Active Investor Plus (AIP) visa to purchase (or build) residential property worth $5 million or more.

Revenue Minister Simon Watts has today introduced the Taxation (Annual Rates for 2025-26, Compliance Simplification, and Remedial Measures) Bill.  This Bill contains the long-awaited (and very overdue) amendments to the FIF rules, amongst other things. We have set out the key points relating to the FIF changes from the Bill, along with our comments and suggestions for further changes.

In collaboration with David Tzimenakis of The US Tax Team New Zealand, we’re delighted to offer a complimentary webinar covering the New Zealand and US tax implications of the investment required under New Zealand’s new Active Investor Plus Visa, along with some of the broader tax issues for clients to consider.

It is becoming increasingly clear that IRD is continuing to amp up its tax compliance work and the numbers show just how serious they are!

Yesterday the Minister of Revenue announced that the FIF changes which had been released for consultation will be made in the next tax bill.

On 18 February 2025, Inland Revenue notified that it is increasing its focus on payday filing.

A recent technical decision summary heeds warning to companies providing accommodation to employees, or those associated with the company.

A recent technical decision from the NZ Tax Counsel Office has provided valuable guidance for foreign companies engaging with NZ businesses.

And what happens if you die without one? Not having a will can lead to significant legal complications, delays, expenses & emotional stress.

In today’s society family structures are more diverse than ever, with many families blending through remarriages and de facto relationships.