We have an extensive knowledge of sector tax issues.

The increasing complexity of New Zealand’s tax regime exposes the public sector to greater financial and political risk than ever before.

Our clients have the same obligations as other businesses and employers to correctly account for GST, FBT, PAYE, and withholding tax. They are also subject to the same potentially significant penalty and interest charges for non-compliance. Errors in relation to these tax types are common. As the leading provider of audit services to public entities, we have developed an extensive knowledge of tax issues in the public sector.

Accounting for income tax has also become more complicated in recent years. A large number of our clients are subject to income tax. These include companies owned by the Crown, companies owned by local authorities, airport companies, port companies, energy companies, airport authorities, and licensing trusts. Even local authorities are subject to income tax on certain sources of income. There is a relatively high risk of error associated with income tax balances. We often identify material tax adjustments, particularly in relation to deferred tax.

We can add value to our clients in the tax area by identifying tax refunds or tax liabilities, improving their calculations and disclosures, and by simply sharing our knowledge.

Please contact our Tax Director, Jason Biggins, if you would like to discuss any particular tax matter.

Page last updated: 16 December 2011