New Zealand: Employee share scheme and PAYE reporting | KPMG | GLOBAL
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New Zealand: Draft legislation, employee share scheme and PAYE reporting

New Zealand: Employee share scheme and PAYE reporting

Draft legislation of a new tax bill in New Zealand would create new employee income and investment income reporting systems to support business transformation and will affect all business. The tax bill, which would not be effective until 2019 and needs to be enacted by 31 March 2018, contains:


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  • New rules for determining the timing and amount of “employee share scheme” benefit income and its deductibility for employers.
  • New rules for reporting employee income and “pay as you earn” (PAYE) information by employers and investment income by banks, portfolio investment entities and other investment income payers. 
  • Another change would allow discretion to issue tax numbers to non-residents without requiring a New Zealand bank account if the commissioner is satisfied with the applicant’s identity.


Read an April 2017 report [PDF 604 KB] prepared by the KPMG member firm in New Zealand: PAYE and investment income reporting & employee share scheme Tax Bill introduced

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