Name: Sybrand van Schalkwyk
Email:
Web Site: http://www.staplesrodway.com
Bio: Sybrand van Schalkwyk is a senior tax manager with Staples Rodway in Christchurch, and enjoys tax.
Posts by Sybrand van Schalkwyk:
Budget 2011 – three perspectives
May 19th, 2011At 2pm today the Government lifted the press embargo on Budget 2011. As they did last year, Vicki Ammundsen and John Peterson have agreed to share their views on the Budget. We have also asked Stephen Tomlinson to join us. We have recorded the discussions, and you can listen to them here: Read the rest of this entry “
Tricky transitional rules for GST Zero Rating of Land
November 23rd, 2010The Finance and Expenditure Select Committee (“FEC”) recently reported back on the Taxation (GST and Remedial Matters) Bill. This Bill contains significant amendments to the GST Act, perhaps the most significant since the changes made in the year 2000. It is important to be aware of the provisions relating to the zero rating of land contained in the Bill.
This article focuses on some of the transitional issues that advisors should be aware of. Read the rest of this entry “
Dastardly Duty may be Demolished
June 24th, 2010This blog considers the likely consequences if Gift Duty were to be abolished. The Government has recently announced that such a move is being considered. Every practitioner should be aware of this possible shift, as it is likely to have an impact on just about every individual they advise. The Government has said that a period of consultation will be undertaken, and if Gift Duty is to be abolished, the proposal will be contained in a Bill to be released in November 2010.
GST Transitional Rules for those on Payments Basis
June 1st, 2010What are the transitional rules for moving to the 15% GST rate in New Zealand from 1 October 2010 if you account for GST on a payments basis? The transition rules applying to those on a payments basis are arguably the most complex part of the change to the GST rate. This article helps explain these specific aspects of the transitional rules. Read the rest of this entry “
Budget Podcast – John Peterson, Vicki Ammundsen and Sybrand van Schalkwyk
May 20th, 2010John Peterson and Vicki Ammundsen join me on this first TalkTax podcast. Hope you enjoy our thoughts on the Budget released today. Please leave a comment below.
Click on this link to listen: Thoughts on the Budget
The transcript of the podcast is copied below:
Australia New Zealand DTA enters into force
March 23rd, 2010Yesterday the Government announced that the new Australia/New Zealand double tax agreement has entered into force. This means that both countries have completed their domestic law requirements for incorporating the treaty into their respective laws. The way is clear for the provisions of the treaty to apply.
The application dates are different for different types of tax. The first relevant application date is the provisions relating to Fringe Benefit Tax (“FBT”). Briefly the Article provides that FBT will follow the taxing rights of salary and wages, thereby reducing the possibility of double FBT. The provisions apply from 1 April 2010, and is slightly different compared with the 1995 treaty position.
International Charities’ help required
January 25th, 2010Are you an international charity that has recently applied for listing on Schedule 32 of the Income Tax Act 2007? Or do you have a client in this position? If so, we would like to hear from you.
Very briefly, Schedule 32 status is afforded to a select few international charities, and with the lifting of the caps on donations credits and deductions, there has been a flood of applications to be listed.
Tax New Year’s Resolutions–Victoria Uni Tax Working Group Report
January 20th, 2010One can imagine the Income Tax Act 2007 looking in the mirror on the morning of 1 January and saying to itself: “You need to loose some weight buddy”. Or the IR 3 trying to squeeze into its envelope and feeling as if it’s bursting at the seams. Alas, just like with everyone else, neither the Tax Act nor the IR 3 is likely to keep to their New Year’s Resolutions.
Proposed GST domestic reverse charge…a good idea?
December 15th, 2009GST is a hazardous tax, not only for taxpayers, but also for the Government. Unlike income tax, the Government has a commitment to refund GST, and this part of the GST mechanism leaves the tax open to manipulation. The hazard is greatest where the assets are the most expensive. The domestic reverse charge mechanism will to an extent reduce the risk the Government faces from being ripped off through the GST system in relation to the most expensive items being traded in our economy.
Income Splitting Issues Paper Released
December 12th, 2009On 11 December 2009 the Government released an issues paper on income splitting. The paper fleshes out the UnitedFuture proposal, which has support from the Government to first reading as part of the coalition agreement.
Married, civil union and de facto couples would be able to split their income 50/50 to take advantage of lower marginal tax rates. The lower rate will be delivered by way of a credit through the Working for Families system.
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