Farming law reforms

Duty-free dairy exportsThe turn of the year brought a welcome change for New Zealand dairy farmers: all New Zealand dairy products can now enter China duty-free. Duties on milk powder no longer apply following China’s decision to remove dairy tariffs due to the New Zealand-China Free Trade Agreement. The new arrangement, effective from 1 January […]

Remember the new tax rules for trusts

The 2021-2022 income year saw new disclosure rules for domestic trusts, requiring trustees to prepare financial statements and provide extra information with their income tax returns. Trustees need to disclose identification details such as name, date of birth, IRD Number and country of residence of all historical settlors where reasonably available. Make sure you’re up […]