New compliance changes every CA needs to know

Globalisation has made it easier for people , companies and others to move, invest or transact across international borders. Inevitably revenue authorities are reacting to the potential for lost revenue.

New Zealand is no exception and has committed to a global initiative led by the Organisation for Economic Co-operation and Development (OECD) on the automatic exchange of financial account information using Common Reporting Standards.

Tax authorities are now demanding more information from financial institutions and exchanging this with their counterparts in countries in which investors and account owners reside.

Concurrently tax rules are being tightened to prevent revenue losses from international transactions. More and more of these rules are creeping into otherwise mundane and ordinary cross borders dealings. A good understanding of these developments is essential.

Upon satisfactory completion of this activity you will be able to identify issues that need to be considered when advising on cross border transactions, or you are aware of clients with cross border arrangements. 

• Example 1: Standard family trust with a beneficiary outside New Zealand/Standard offshore trust with a New Zealand resident beneficiary
• Example 2: Non-resident investing into New Zealand financial institution
• Example 3: Understanding the types of information flows that New Zealand will receive from other revenue authorities to detect non-compliance
• Example 4: New Zealand tax residence developments
• Example 5: Understanding FATCA and CRS

Suited to

CA in public practice, Tax professionals, CFOs of companies with cross border investment

Presenters

Craig Macalister, Principal, Crowe Horwath

Craig was previously Tax Director at the NZICA (now CAANZ) and has presented on many international and domestic tax issues. Craig played a key role in the Institute’s member education activities, regularly taking national training courses for accountants and speaking at tax conferences. In this role Craig was also sought out by media as a commentator on tax matters. Craig experience in taxation is unique and extends across a broad range of tax areas, including aviation, farming, forestry, horticulture, international, and property tax issues. Craig is also very experienced with assisting people with tax debt issues and tax disputes with Inland Revenue. Craig is a co-author of the Staples Tax Guide.

Peter Loerscher, Principal Advisor International (SME) for Inland Revenue.

Peter advises Inland Revenue on international tax issues. Before joining IR Peter was working as a tax solicitor and accountant in Europe emphasising on international tax and cross border transactions.

Dates and Locations