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Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
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Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
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In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
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Insurance Lawyer (3-5 PAE)
Category: Insurance and Superannuation Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Dynamic organisation ·
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Legal Counsel
Category: Corporate and Commercial Law | Location: North Sydney NSW 2060
· 18 month fixed term contract · 3-5 years PQE with TMT exposure
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Taxing issues set for corporate NZ: lawyer

Taxing issues set for corporate NZ: lawyer

CORPORATE NEW ZEALAND should consider tax consequences as it moves towards the adoption of International Financial Reporting Standards, according to a tax partner at leading New Zealand law firm…

CORPORATE NEW ZEALAND should consider tax consequences as it moves towards the adoption of International Financial Reporting Standards, according to a tax partner at leading New Zealand law firm Bell Gully.

Companies could have to review the way they report their tax exposures, and thin cap companies would have to monitor their reporting to ensure they did not miss out on interest deductions, Bell Gully partner Niels Campbell said.

“The tax provision in the balance sheet normally records actual tax liabilities, however companies often include an allowance for tax positions, which may be challenged by IRD,” Campbell said. “Often these allowances are calculated according to their assessed risk exposure.”

Campbell said provisions must be recognised in the balance sheet where it is “probable” the exposure would have to be met and the inclusion of a potential tax exposure in the provision could therefore be evidence that a taxpayer believes payment to the IRD is ultimately probable.

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Taxing issues set for corporate NZ: lawyer
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