Dividend Integrity and Personal Services Income AttributionLast updated: April 29, 2022
Dividend Integrity and Personal Services Income Attribution
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.