New Zealand’s 2026 Budget has delivered a collection of reforms, some of which align to what we were expecting and some of which are a complete surprise.
The first tranche of the Federal Government’s tax reforms, including replacing the CGT discount with indexation, introducing a minimum tax on capital gains and restricting negative gearing for residential property.
With the legislation expected to be introduced to Parliament in the next two weeks, we will see the mechanism chosen by Treasury to effect this change, as highlighted by Julian Humphrey, Brent Murphy, Alia Lum and Amanda Maguire.
This report outlines KPMG insights from the recent transfer pricing audits when KPMG assisted companies in the Energy and Natural Resources space with managing the disputes.
This budget represents a shift in the tax landscape for individuals, with changes to personal income tax settings for workers and significant future changes for investors.
KPMG Senior Manager Sam Gathercole describes how the minor benefit exemption works in practice, why the $300 threshold alone is not enough, and the key conditions employers must consider before applying it for FBT purposes.
Glen Hutchings and Phil Beswick discuss why transfer pricing governance has become a key focus given its inherent tax risk and how organisations can strengthen controls, improve reporting accuracy and unlock both risk protection and value creation.
This webinar, to be held on Thursday 21 May, will explore strategies to pre-empt escalation and manage controversy arising from information gathering by tax authorities.
The Regulator has increased enforcement, issued penalties, published non-compliance and tightened expectations around data quality and reporting accuracy.
KPMG Senior Manager Sam Gathercole highlights common vehicle-related FBT risk areas, including misapplied electric vehicle and tool of trade exemptions, and explains how to review your fleet to avoid unexpected FBT liabilities.
New Zealand’s 2026 Budget has delivered a collection of reforms, some of which align to what we were expecting and some of which are a complete surprise.
The first tranche of the Federal Government’s tax reforms, including replacing the CGT discount with indexation, introducing a minimum tax on capital gains and restricting negative gearing for residential property.
The WA Budget included four key revenue measures as part of the Housing Taxation Package, with no announced changes to landholder duty, payroll tax or land tax rates and thresholds, as highlighted by Jenny Lee, Jane Crisp and Scott Yun.
KPMG has prepared a submission in response to the ‘Strengthening the foreign resident capital gains tax regime’ draft legislation released by Treasury on 10 April 2026.
This webinar, to be held on Friday 24 April, will examine the Federal Government’s draft legislation on strengthening the foreign resident capital gains tax regime.
What's most concerning is the fact that core inflation remains stubbornly high, ticking up - albeit slightly yet again - despite several successive interest rate rises already this year, writes KPMG Australia’s Chief Economist Brendan Rynne.
The latest unemployment figures may give the Reserve Bank of Australia some cover to pause next month and take stock, but further rate rises later this year are likely.
The downturn across most major cities hints at a pivotal shift, with long-stalled housing projects finally breaking ground, easing the build-up of homes stuck in the pipeline, writes KPMG Urban Economist Terry Rawnsley.
The result is a jobs number that looks better on paper than it feels to most workers, hence the ongoing anxiety consumers are expressing in consumer attitude surveys, as outlined by KPMG US Chief Economist Diane Swonk.
KPMG Senior Manager Sam Gathercole describes how the minor benefit exemption works in practice, why the $300 threshold alone is not enough, and the key conditions employers must consider before applying it for FBT purposes.
New Zealand’s 2026 Budget has delivered a collection of reforms, some of which align to what we were expecting and some of which are a complete surprise.
KPMG Senior Manager Ali Hookmani discusses how the otherwise deductible rule works, when it can be applied, and why proper documentation is essential to reduce or eliminate FBT on reimbursed work related expenses.
KPMG Partner Hayley Lock outlines what residual fringe benefits are, why they act as an FBT catch all category, and the key valuation rules, exemptions and disclosure risks employers need to manage.
David P Sofra, Anthony Harmer, Nick Boland, Eli Christodoulou, and Simon Marial provide insights on the Federal Government’s recently announced fuel excise reduction and the implications for businesses claiming fuel tax credits.
The Federal Government’s exposure draft legislation to amend the R&D Tax Incentive excludes certain R&D activities from eligibility and will still enable companies to claim R&D for activities not covered by these exclusions.
Hayley Lock and special guest from Maxxia - Implementation Lead Julien Walter - discuss how employers can demonstrate cost savings by outsourcing salary packaging management.
Maxxia Implementation Lead Julien Walter and Tax and Compliance Manager Sharon Mackenzie-Pringle share insights into how companies typically approach the management of employee benefits in salary packaging programs.
Both budgets reflect minimal disruption to an already disrupted economy, with few changes to existing taxation and revenue settings, as highlighted by Candice Wong, Dorian Beaver, Jacqueline Wood and Benita Siswojo.
The draft legislation includes a retrospective application of up to 20 years to prior CGT events by an expanded definition of real property that will be concerning for many taxpayers.
With the Commissioner’s special leave application to the High Court refused, the observations of the Full Federal Court decision of Geocon provide critical guidance on refunds of excess GST in the context of Division 142 of the GST Act, as highlighted by Rebecca Lawrence, Kristie Schubert and Marko Trifunovski.
Glen Hutchings and Phil Beswick discuss why transfer pricing governance has become a key focus given its inherent tax risk and how organisations can strengthen controls, improve reporting accuracy and unlock both risk protection and value creation.
This report outlines KPMG insights from the recent transfer pricing audits when KPMG assisted companies in the Energy and Natural Resources space with managing the disputes.
This KPMG International webinar, held on Thursday 26 March, explores clarifications brought by the revised OECD Commentary, as well as remaining unresolved tax issues relating to remote working.
One of the amendments to the proposed legislation will help further de-risk an employer’s decision to allow remote working from New Zealand, writes KPMG NZ’s Rachel Piper.
This report uncovers the complexities that mobility teams and their organisations are facing, and looks at how to respond as the ‘rules of the game’ continue to evolve.
Discussions have focused on economic trends, corporate income tax, the gig economy, and the taxation of employment income for globally mobile workers, as outlined by Ursula Lepporoli and Tom Newsome.
This report outlines KPMG insights from the recent transfer pricing audits when KPMG assisted companies in the Energy and Natural Resources space with managing the disputes.
This webinar, to be held on Thursday 21 May, will explore strategies to pre-empt escalation and manage controversy arising from information gathering by tax authorities.
A Federal Court decision in Shell Energy Holdings Australia Ltd v Commissioner of Taxation [2026] FCA 577, has clarified that market value for CGT purposes must reflect the real-world characteristics of a large shareholding, as highlighted by James Alsop, Steve Plant, Allan Szostak and Alexandra Macolino.
KPMG has prepared a submission in response to the ‘Strengthening the foreign resident capital gains tax regime’ draft legislation released by Treasury on 10 April 2026.
This webinar, to be held on Wednesday 27 May, will explore how KPMG’s collaboration with Microsoft can help you solve your greatest business challenges.
Digital Solutions and AI Director Ed Hewings outlines how successful teams are doing it differently, redesigning their processes from the ground up, not trying to fit AI in where it doesn’t belong.
KPMG Tax Analytics and Automation Partner Barry Sullivan outlines why organisations aren’t just looking for efficiency; they want automation that delivers real insights and supports strategic decisions, not just faster tasks.
Carolyn Harvey | Carolyn is a Partner with Tax Transformation, Technology & Managed Services
Stephen Carpenter | Stephen is the National Leader of KPMG Australia's Deal Advisory - Tax practice
Daniel Hodgson | Daniel is a Partner in KPMG Australia's Tax practice, advising multinational companies on all aspects of employee remuneration.
David Sofrà | David Sofrà is National Head of State and Indirect Taxes with KPMG Australia.
James Macky | James specialises in corporate tax and works with clients in the Energy and Natural Resources, retail, wholesale, services and manufacturing sectors.
Jenny Lee | Jenny is a Partner in our Deal Advisory – Tax team, specialising in indirect tax.
John Salvaris | John is a Partner specialising in corporate tax matters for financial services organisations.
Natalie Raju | Natalie is a Partner specialising in corporate tax matters for financial services organisations.
Peter Oliver | Peter is a Partner in KPMG Australia’s International Tax team.
Tim Keeling | Tim is a Partner within our Tax Advisory Services team specialising in Transfer Pricing.
