New Zealand: Year-end wrap; planning for 2018 | KPMG Global
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New Zealand: Year-end wrap; planning for 2018

New Zealand: Year-end wrap; planning for 2018

What are some year-end issues that taxpayers need to consider as well as new changes that will apply from 1 April 2017 (or the 2017-18 income year)? Taxpayers may need to consider whether they have made all the required adjustments, elections, disclosures and notifications for the 2017 year.


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A number of new tax rules that will be effective shortly include:

  • New disclosure rules for employers who provide share benefits to employees, and the option to deduct PAYE on these benefits
  • New use of money interest “safe harbour” rules
  • Changes to withholding tax rules for related-party funding from offshore
  • New withholding tax rate election rules for contractors


Read a March 2017 report [PDF 536 KB] prepared by the KPMG member firm in New Zealand

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