The 2020 New Zealand Master Tax Guide is the essential resource for anyone who needs to understand, apply and comply with our complex tax laws. The Guide covers all areas of New Zealand tax law and includes practical examples to help explain how concepts are applied in practice.
Key features include:
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Complete analysis of tax topics in each section.
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Concise summaries of legislation, cases and Inland Revenue rulings and statements affecting the 2019/20 and future tax years.
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Practical examples to illustrate how common tax scenarios are applied in practice.
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Tax calendars set out when payments are due.
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The dates and rates sections allow the rate of tax thresholds, interest rates and depreciation rates to be worked out.
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Topic index, case table and section finding list for easy research.
As well as the comprehensive guidebook, you also receive:
New in this edition:
The 2020 New Zealand Master Tax Guide will ensure you are up to date with the latest changes in tax, including:
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new ring-fencing rules for residential property deductions
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bringing in GST to low-value imported goods
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the introduction of a research and development tax credit
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changes that modernise the tax system by simplifying rules and processes, including the year-end tax obligations of individuals.
The rulings unit in Inland Revenue has also had an active year, including new and updated statements on the bright-line test, the compulsory zero rating of land, resource consent issues and the treatment of building fit-out.