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With the current global pandemic more and more kiwis are returning home and continuing to work for their offshore employer.
The Taxation (Annual Rates for 2020-21, Feasibility Expenditure, and Remedial Matters) Bill was introduced to Parliament on 4 June. The Honourable Stuart Nash said this legislation was to “support growth and assist businesses on the road to economic recovery.
Inland Revenue has released an update for businesses affected by COVID-19 covering recent tax changes. These changes are intended to help businesses with the impacts of COVID-19.
Residence Issues Inland Revenue has released a public statement relating to the unintended and unprecedented consequences for tax residence rules due to COVID-19.