LazyKiwi

Tag: Consultation

  • GST on managed funds

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    by

    DBB
    in

    A consultation on the GST treatment for managed funds is currently being conducted by the IRD. The previously proposed legislation on the treatment of GST on managed funds was introduced to parliament in August 2022. This caused some outrage at the time as it would drive up the costs of administering Kiwisaver accounts. As individuals…

  • IRD Amalgamation consultation

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    by

    DBB
    in

    Amalgamations The amalgamating company ceases to exist on the companies register, but the rights and obligations of the amalgamating company continue to exist in the form of the amalgamated company for income tax purposes. The amalgamating company shares are disposed of at cost with no gain or loss being recognised. They must be cancelled without…