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March 28, 2024

New Zealand's Inland Revenue releases publications related to Employee Share Scheme

The Inland Revenue Department (IRD) has announced the launch of a program to assist employer taxpayers manage their compliance related obligations for Employee Share Scheme (ESS) awards granted to their employees. These publications are intended to provide practical guidance in relation to the employer’s obligations under the ESS rules that came into effect from 29 September 2018. These publications are open for submissions until 26 April 2024.

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

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Full text of Tax Alert