Tax audits, disputes & rulings

Tax audits, disputes & rulings

The tax-risk environment has changed. Inland Revenue use real-time big data and specialist software to isolate at-risk business transactions.

Our services include:

Audits and disputes

We can assist with all stages of Inland Revenue reviews and Audits for all tax types, including:

  • Assisting with collating and presenting information to Inland Revenue requested during risk reviews, audits, and basic compliance package requests.
  • Drafting and submitting technical responses and formal dispute documents to address Inland Revenue queries and challenges.
  • Assistance with strategy and leading negotiations to obtain the best outcomes during settlement discussions, and to minimise penalties.
Voluntary disclosures

If you are concerned you have not returned the correct income, we can assist with making a voluntary disclosure to Inland Revenue.  These can usually result in no penalties being charged.

We have significant experience in obtaining favourable outcomes that will let you sleep at night.

Binding Rulings tax assured

A Binding Ruling is an agreement reached with senior and independent Inland Revenue personnel that locks-down the tax effects and efficiencies of a proposed or recent transaction. Binding Rulings offer the ultimate ‘tax peace of mind’ to:

  • Family requiring assurance on a proposed family business transaction
  • Parties to large transactions e.g. construction projects
  • Cross-border businesses using advanced pricing agreements (APA) to lock down cross-border dealings
  • Boards of public and larger family companies

Baker Tilly Staples Rodway have the experience to successfully manage your Binding Ruling application.

Key business contracts

Binding Rulings mean that your suppliers, contractors, employees and customers are tax assured when dealing with your business, for example:

  • Employee share schemes
  • Multi-party projects including, infrastructure construction, film, and primary industry
  • Customer loyalty programs

Binding Rulings lock-down the tax effect of key transactions.

Boards in total control

Tax controversy is a no go for Boards of public and larger family companies.

Boards use Binding Rulings to eliminate tax risk in large or complex transactions. This “set-and-forget” approach enables the Board to keep a keen focus on the business itself – your governance enhanced.

Multinationals doing business in NZ

Tax is in the media. Now more than ever, multinationals operating in New Zealand use Binding Rulings and Advance Pricing Agreements to guarantee tax efficiencies and avoid possible media driven tax controversy – your brand protected.

Family business - restructuring

Protecting family wealth for future generations can involve the transfer of substantial income producing assets under family structures. Key tax questions arise for Inland Revenue; dividend stripping, deemed dividends, depreciation recovery, deemed market value transfers, GST.  A Binding Ruling assures the whole family and provides intergenerational tax certainty – your legacy secure.

Services

News

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14 Sep 2021

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13 Sep 2021

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25 Aug 2021

Tax Talk | Inland Revenue confirms no penalty for late payment or late filing

The Inland Revenue Department is reassuring customers they won't be penalised for late payments and asking...

25 Aug 2021

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25 Aug 2021

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12 Aug 2021

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15 Jul 2021

Tax Talk | Income tax treatment of accommodation provided to employees

Inland Revenue has released an operational statement in relation to employer-provided accommodation and...

08 Jul 2021

Tax Talk | Residential Rental Interest Deductions

Further to the Government’s announcement on 23 March 2021, a 143-page consultation document (here)...

01 Jul 2021

Tax Talk Bites | July 2021

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15 Jun 2021

Tax Talk Bites | June 2021

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19 May 2021

Budget 2021: Less borrowing, more business support key to economic prosperity

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13 May 2021

Bracket Creep: time to fix a broken system

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11 May 2021

Tax Freedom Day - 11 May

Mention the word ‘tax’ to most people and they’ll tell you it’s boring. Then mention individual...

19 Apr 2021

Tax talk for Crypto-investors

Living in New Zealand, or any other developed country, you would need to be under an impressively sized...

31 Mar 2021

Tax for returning Kiwis

New Zealand has never been more attractive as a place to live, thanks to its reputation for avoiding...

23 Mar 2021

Tax Talk | The war on landlords continues

The government has announced a suite of changes intended to fix the housing market, and in particular,...

11 Mar 2021

Carolyn Jackson Appointed to National Board

Baker Tilly Staples Rodway is proud to congratulate Carolyn Jackson on her appointment to the network’s...

11 Mar 2021

31 March 2021 Tax Planning Checklist 

With 31 March approaching, now is the ideal time to consider tax issues and, where available, planning...

09 Mar 2021

Mixed-use properties and tax inconsistencies

As our urban environments change, so do the buildings and structures in which we work and live. In recent...

03 Mar 2021

Tax Talk | Wage Subsidy Updates

Over the last couple of days, the government has provided more information about both the wage subsidy...

01 Mar 2021

Tax Talk | Wage subsidy goes forth

The Government has released updated information since this article was published. Please refer to our...

15 Feb 2021

Tax Talk | Key upcoming tax items

With 2021 getting off to a roaring start, there are a number of tax issues which you may need to consider....

05 Dec 2020

Tax Talk | Inland Revenue crackdown on property speculators

In the last couple of weeks, Inland Revenue have sent out letters to taxpayers who may have sold properties...

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