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Recently, Inland Revenue reissued their 2019 and 2021 draft public rulings on the tax treatment of cryptoassets when they are paid as remuneration to employees. On 15 May 2023 Inland Revenue issued final versions of rulings.
Recently Inland Revenue released three public rulings outlining the GST requirements for directors and board members that will apply indefinitely from 1 April 2023.
On 28 September 2021, the Government released their draft legislation for amendments to interest deductibility legislation and how new builds will be treated for bright-line tax purposes.
Following the discovery of a community case of the Delta variant of COVID-19, at 11. 59pm on 17 August 2021, New Zealand was placed into Alert Level 4 Lockdown.