$10m is earmarked to help start-ups and unlisted companies recruit talent, deferring the tax liability arising on employee share scheme (ESS) benefits until a liquidity event occurs to fund the tax on income. The boundaries for eligibility are as yet undefined. We’ll keep you posted.
For migrants and returning New Zealanders, possible ‘revenue account’ and ‘deferral’ methods of calculating foreign investment fund (FIF) income have been proposed to ease cashflow.
Disclaimer: This blog has been carefully prepared, but it has been written in general terms only. The blog should not be relied upon to provide specific information without also obtaining appropriate professional advice after detailed examination of your particular situation.
