$10m is earmarked to help start-ups and unlisted companies recruit talent, deferring the tax liability arising on employee share scheme (ESS) benefits until a liquidity event occurs to fund the tax on income. The boundaries for eligibility are as yet undefined. We’ll keep you posted.
For migrants and returning New Zealanders, possible ‘revenue account’ and ‘deferral’ methods of calculating foreign investment fund (FIF) income have been proposed to ease cashflow.