News
New property tax rules move a step closer
Tuesday 23rd of June 2015
The Taxation (Land Information and Offshore Persons Information) Bill was introduced into Parliament yesterday.
It contains two of the Budget-announced proposals aimed at helping the IRD to better enforce property tax rules
They are:
• The requirement for buyers and sellers of property to provide an IRD number at the time of the property transfer. Overseas residents will be required to provide a Tax Identification Number.
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