May 2011 Events Archive

Budget 2011 Breakfast Seminar (20th May)

After the 2010 Budget and Polson Higgs’ successful Budget Breakfast, in which we outlined the significant tax changes included in that Budget, we felt it appropriate to plan another Budget Breakfast in anticipation of further changes which will affect business.

The last 12 months have seen many significant issues for New Zealand, including:

• the Christchurch Earthquake and various support policies
• increase in the GST rate to 15% together with reduced personal and company tax rates
• lower than forecast tax takes
• slower than expected economic recovery
• reduction in interest rates
• significant exchange rate fluctuations

All of this means the Government face many challenging decisions in preparing the 2011 Budget.

Tax Course - GST Changes (6th - 16th May)

In December 2010 the Government passed the Taxation (GST and Remedial Matters) Act 2010. This Act introduces GST changes that affect how specific transactions are accounted for. There are significant changes to the way in which GST Returns and transactions are dealt with that you need to be aware of.

Major changes have been made to the way GST is charged on land transactions. Prescriptive tests will apply and significant compliance costs could be incurred if GST is applied incorrectly.

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  Last updated: 3rd Tuesday, 24 May 2011  |  11:09:44 a.m.