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Income Tax Law Made Easy (2017)

Income Tax Law Made Easy (2017)

Colin De Freyne; Mark J Greening (Ed.), 2017

Available Formats

Format ISBN Price
Book 9781988506180 $80.00
eBook 9781988506197 $80.00

Enables client advisers, corporate employees and business owners to understand their tax responsibilities, allowing them to manage their tax risks and their relationship with Inland Revenue.


Format: Paperback


Income tax is the most important source of revenue for the Government and this is demonstrated by Inland Revenue’s focus on enforcement and compliance. Businesses should be prepared by adopting an effective tax risk management focus to ensure their tax risk is minimised and their relationship with Inland Revenue is positive.

Income Tax Law Made Easy is written from a tax practitioner’s perspective to provide practical guidance for those dealing with tax responsibilities. It has an easy to understand yet comprehensive style which canvasses the main responsibilities that people in business are likely to face in their roles as client advisers, corporate employees or business owners.

This book sets out the practical essentials of income tax law in New Zealand. Despite being a highly complex area of law, it simplifies the complexity to enable business people to identify and understand the issues and deal effectively with any perceived risks. Included are examples, tips and risks derived from real situations to highlight income tax issues that businesses are likely to face.

If you are looking for tax avoidance schemes this book is not for you. Instead, Income Tax Law Made Easy focuses on identifying the areas of tax law that commonly cause problems for businesses and endeavours to ensure that taxpayers manage their risks and their relationship with Inland Revenue.



• Plain English guide
• Summarises key legislation
• Includes examples
• Identifies common risks
• Practical tips for avoiding common traps


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Colin De Freyne (CA – CAANZ and ICAEW) has spent 28 years of his professional career with ‘Big 4’ firms, 10 years as a tax partner, and advised on tax in the UK, Australia and New Zealand. He is the principal of De Freyne and Associates Limited.

Consultant Editor

Mark J Greening (LLM, BA) is a former adjudicator and senior solicitor for the Office of the Chief Tax Counsel at Inland Revenue. Mark holds a Master of Laws and has accumulated over 20 years’ experience in observing and writing on the development of tax law in New Zealand. He was formerly the managing writer and editor for several prestigious tax publications including Staples Tax Guide.

Table of Contents

Income tax basics
Calculating income tax
Residence and source

Trading activity income
Passive income
Employment income
Allowances, pensions and grants
Attributed foreign income: CFC and FIF rules
Fringe benefits
Exempt and excluded income
Allowable deductions
Bad debts
Employee and contractor expenditure
Motor vehicles
Timing and quantifying rules
Trading stock
Financial arrangements
Recharacterisation of income
International tax rules
CFC and FIF rules
Thin capitalisation rules
Transfer pricing rules
Specific entity rules
Look-through companies
Partnerships and joint ventures
Limited partnerships and trusts
Associated persons rules
Tax credit regimes
Provisional tax and penalties
Withholding taxes

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