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27 July 2016

New Zealand releases exposure draft of proposed changes to tax residency rules for individuals

Inland Revenue has released an exposure draft containing proposed changes to the current Interpretation Statement on tax residence. The changes are intended to reflect a recent Court of Appeal (CIR v Diamond) decision. The exposure draft invites public comments by August 10. Once public submissions have been considered, Inland Revenue will issue a new Interpretation Statement on tax residence.

A Tax Alert prepared by EY's People Advisory Services group, and attached below, provides additional details.

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ATTACHMENT

Full text of Tax Alert 2016-1286

Document ID: 2016-1286

 

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