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Delays to response times: It is taking longer than usual to answer calls and myIR messages, and to process some COVID-19 Support Payment applications. This is because of the impact of COVID-19. If possible, please contact us through your myIR account. Log in to myIR

Cost of Living Payment The Government has announced a Cost of Living Payment, which will be paid from 1 August 2022. You do not need to apply for this payment. If you are eligible, we’ll pay it into your bank account. Find out more

Share-based remuneration (including stock options) may on occasion be taken into account in the calculations underlying various service charges. We expect taxpayers to have kept the key underlying legal documentation and the detailed calculations confirming such expenditure. The facts and circumstances of these charges vary considerably, but will be closely examined if material.

There may also be considerable subjectivity in the calculation of share option costs (the Black-Scholes model, for example, relies on several major assumptions to arrive at a fair value). In the final analysis, we will check whether the overall charge is consistent with what an external party would pay for the service provided in the New Zealand market place. In particular, we do not accept notional sums being charged.

For larger New Zealand-based multinationals, consideration will be given regarding the charging of costs to offshore associates with staff that benefit from employee share/option schemes.

Last updated: 28 Apr 2021
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