Earlier in the month the FEC reported back on this bill, which was introduced in late 2021 and included some more draconian measures such as changes to brightline rules and new interest limitation rules in relation to residential land and amendments to GST, etc. No major changes were proposed, however a few noteworthy changes were made:… Continue reading Taxation (Annual Rates for 2021-22, GST and Remedial Matters) Bill
One would think that the Government has caused enough damage through tax measures targeting the residential property market such as the loss ring fencing rules, increased brightline period from 5 to 10 years, restriction on interest deductions and introduction of the 39% top marginal tax rate for individuals. In that case think again. Not only… Continue reading Another Blow by the Government Targeting the 39% Tax Avoidance
April 7 Terminal Tax for year ended 31 March 2021 May 7 GST payments & returns for Period ended 31 March 2022 March 2022
Taxation (Annual Rates for 2021-22, GST, and Remedial Matters) Bill – was just introduced to the Parliament. The Bill contains around 100 policy and remedial amendments. Whilst not all of them are relevant for every business this bill has something for everyone. Although these may still change as the Bill goes through the consultation process, a… Continue reading September 2021 New Tax Bill Introduced
