Special reports on new legislation

You may recall that I dedicated last week’s edition to the new Tax Bill passed, the Taxation (Annual Rates for 2021–22, GST, and Remedial Matters) Act 2022 (No 10 of 2022), which received the Royal assent on 30 March 2022.

IR have released the following special reports to provide early technical coverage of two measures in the Act:

  • Interest limitation and additional bright-line changes, and
  • A measure providing employers with a new option for calculating fringe benefit tax.

You can find these two reports within IR’s Tax Policy section of their website.

This article from the 'A Week in Review' newsletter was originally published Monday 11th April 2022. If you have any questions or would like a second opinion on any national or international tax issues, please contact me [email protected].?

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