Select Page

Dividend Integrity and Personal Services Income Attribution

Last updated: April 29, 2022

Back to all reports

Economy

Dividend Integrity and Personal Services Income Attribution

Stephen Summers

Published: April 29, 2022

Submitting To: Inland Revenue Department (IRD)

Issue for Business: Unlike our standard submission process, BusinessNZ and the Corporate Taxpayers Group (which share a very similar membership base) prepared a joint letter on this discussion document that was sent to the Ministers of Finance, Revenue and Small Business on 28 April. The letter is included in our submission and outlines our main concerns with Inland Revenue’s proposals. Overall, we do not support the key proposals outlined, and believe they represent a significant overreach and will apply far wider than transactions which have been deliberately entered into in order to avoid the 39% tax rate.

Action: Submission sent 29 May.

Outcome: Awaiting submission review.

0 Comments

Submit a Comment

Reports in Economy

Customer and Product Data Bill & Accompanying Discussion Document

July 24, 2023 | Economy
Submitting to: Ministry of Business, Innovation and Employment (MBIE)Author: Stephen SummersDate: 2023-07-24Category: EconomyIssue for Business: BusinessNZ previously submitted on MBIE’s Consumer Data Right (CDR) discussion document in 2020. Given where the use of consumer ...

Consultation on a proposed increase to the Fire and Emergency transistional levy for 2024/25 and 2025/26

April 27, 2023 | Economy
Submitting to: Fire and Emergency New Zealand (FENZ)Author: John PaskDate: 2023-04-27Category: EconomyIssue for Business: Fire and Emergency New Zealand (FENZ) is proposing an increase of 12.8% in the transistional levy component across all levied insurance policies for the ...

Business Payment Practices Regulations

February 28, 2023 | Economy
Submitting to: Ministry of Business, Innovation and Employment (MBIE)Author: Stephen SummersDate: 2023-02-28Category: EconomyIssue for Business: Following on from BusinessNZ submission on the associated Bill for this regime late 2022, BusinessNZ also submitted on MBIE's ...