KPMG aims to be at the forefront of thought leadership on tax policy.
Tax policies entail trade-offs between efficiency and equity of the tax system, the compliance costs imposed on taxpayers and administrative costs. We aim to provide an object evaluation of these trade-offs to better inform policy makers. Each year we make a number of submissions on draft tax legislation, Government discussion documents and issues papers, and various tax interpretation statements released by New Zealand Inland Revenue.
2023 Tax Submissions
Disposals of trading stock at below market value | 5 September 2023
Taxation (Annual Rates for 2023– 24, Multinational Tax, and Remedial Matters) Bill | 13 July 2023
Tax Principles Reporting Bill | 9 June 2023
PUB00464: Deductibility of software as a service (SaaS) configuration and customisation costs | 1 May 2023
ED0246: Determination EE004 – Tax treatment of reimbursing payments made to employees | 29 March 2023
PUB00443: Foreign investment fund (FIF) default calculation method | 7 March 2023
Inland Revenue's Long Term Insights Briefing 2022 | 24 February 2023
2022 Tax Submissions
2021 Tax Submissions
Cross-border workers: Issues and options for reform | 26 November 2021
Taxation (Annual Rates for 2021-22, GST, and Remedial Matters) Bill | 9 November 2021
Long Term Insights Briefing | 6 September 2021
Design of the Interest limitation rule and additional bright-line rules | 14 July 2021
BG 1 draft | 7 April 2021
ED0225: administration of the imported mismatch rule (section FH 11) | 5 February 2021
2020 Tax Submissions
ACDA Response | 18 December
Non-Resident Employers | 4 September
Purchase Price Allocation | 17 February
2019 Tax Submissions
Changing GST treatment | 11 November
PUB00345 foreign trusts distributions | 17 September
Investment income withholding and reporting intermediary entities | 06 September
Submission on the taxation bill | 04 September
Options for taxing the digial economy "work in progress" response | 19 July
Submission on Business premises exclusion fron the bright-line test | 12 June
Submission on GST offshore supplier bill | 28 February
2018 Tax Submissions
Submission on Chapter 8 and Appendix B of Tax Working Group Interim Report | 5 November
Submission on Tax Working Group Interim Report | 12 October
Letter - Taxation (Annual Rates for 2018-19, Modernising Tax Administration, and Remedial Matters) Bill | 5 October
Taxation (Annual Rates for 2018-19, Modernising Tax Administration, and Remedial Matters) Bill | 13 August 2018
GST on low-value imported goods: An offshore supplier registration system | 5 July 2018
R&D tax incentive | 1 June
Ring-fencing rental losses | 16 May
Future of Tax: Submissions Background Paper | 30 April
Taxation (Neutralising Base Erosion and Profit Shifting) Bill | 8 February
2017 Tax Submissions
Taxation of employee share schemes: start-up companies | 17 July
Taxation of trusts | 12 July
Black hole and feasibility expenditure | 10 July
BEPS – Strengthening our interest limitation rules | 19 April
BEPS – Supplementary TP and PE submission | 19 April
BEPS – Transfer pricing and permanent establishment avoidance | 13 April
Making Tax Simpler | 10 March 2017
Draft guidance on the AEOI | 10 March 2017
Multilateral Instrument | 22 December
Interest limitation – letter to IRD | 25 September
Making Tax Simpler: better administration of individuals’ income tax | 28 July
Taxation (Annual Rates for 2017-18, Employment and Investment Income, and Remedial Matters) Bill | 5 July
2016 Tax Submissions
Revised statement on deductibility of detailed seismic assessment costs
1 December 2016
Deductibility of feasibility expenditure | 25 November 2016
Addressing Hybrid Mismatches | 3 November 2016
Business Tax and Information Exchange Tax Bill | 9 September 2016
Investment income submission | 22 August 2016
Closely-Held Companies (and NRWT/AIL changes) Tax Bill | 29 July 2016
Taxation of employee share schemes | 23 June 2016
Making Tax Simpler: Better Business Tax | 30 May 2016
Review of New Zealand’s foreign trust regime | 23 May 2016
Are proceeds from the sale of gold considered income? | 8 April 2016
Land acquired for a purpose or with an intention of disposal | 8 April 2016
Filing an IR10 and section 108 of the TAA 1994 | 5 April 2016
Automatic exchange of information (AEOI) - design of the rules | 31 March 2016
Better Administration of PAYE and GST | 19 February 2016
New Tax Administration Act | 19 February 2016
Deductibility of seismic assessment costs | 4 February 2016
2015 Tax Submissions
GST current issues | 21 December 2015
Loss grouping and imputation credits | 2 November 2015
Closely held company taxation issues | 22 October 2015
Residential Land Withholding Tax | 5 October 2015
GST: Cross-border services, intangibles and goods | 25 September 2015
Taxation (Bright Line Test for Residential Land) Bill | 17 September 2015
FBT exclusion for employer provided car parks | 3 September 2015
Bright-line test for sales of residential property | 24 July 2015
NRWT: related party and branch lending | 3 July 2015
Green Paper on Tax Administration | 11 June 2015
Making Tax Simpler: Better Digital Services | 25 May 2015
Review of the Customs and Excise Act 1996 | 1 May 2015
Simplifying the collection of tax on employee share schemes | 30 April 2015
Taxation Bill | 30 April 2015
Related parties debt remission | 30 April 2015
Deductibility of guarantee payments | 30 April 2015
Unit trusts, whether more than one unit holder is required | 23 April 2015
Whether option cost is part of revenue account land | 23 April 2015
Term life insurance policy taken out by employee & employer | 30 March 2015
GST & the costs of sale associated with mortgagee sales | 27 March 2015
