The tax-risk environment has changed, and technology is increasing the chance of Inland Revenue (IRD) looking into your affairs.
Real-time big data and specialist software are routinely used to monitor records and transactions. Baker Tilly Staples Rodway’s tax advisors are reliable and experienced at dealing with Inland Revenue, whether you're responding to questions, need help during an audit, have commenced the disputes process or require a binding ruling to resolve a tax uncertainty.
Who can benefit from a binding ruling:
Binding rulings mean your suppliers, contractors, employees and customers are tax assured when dealing with your business, for example:
Binding rulings lock down the tax effect of key transactions.
Tax controversy is a no-go for boards of public companies 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.
Tax is in the media. Now more than ever, multinationals operating in New Zealand use binding rulings and Advance pricing agreements (APAs) to guarantee tax efficiencies and avoid possible tax controversy in the media, protecting your brand.
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 – leaving your legacy secure.
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