Inland Revenue - Tax policy Tax Policy

News and information about the Government's tax policy work programme, including:
- proposed changes to the laws that Inland Revenue is responsible for
- updates on the progress of bills through Parliament
- policy announcements

Tax policy news

17 November 2014

The annual amount of the minimum family tax credit that guarantees a working family’s after-tax income will rise from $22,776 to $23,036 from 1 April 2015. The new rate was set by Order in Council today. For more information see the media statement.

12 November 2014

Inland Revenue’s Briefing to the Incoming Minister providing a high level view of the Department’s functions and challenges ahead was proactively released today.

31 October 2014

The Minister of Revenue Todd McClay used his address to the Chartered Accountants Australia and New Zealand (CAANZ) tax conference to discuss Inland Revenue’s business transformation and the opportunities presented by it as well as some of the policy challenges to be considered. For more information, read the full speech.

29 October 2014

The Minister of Revenue Todd McClay today announced that NZ would begin exchanging information with other tax jurisdictions on a voluntary basis from 2018. For more information, please see the Minister’s media statement.

24 July 2014

The Minister of Revenue Todd McClay’s speech to the BDO National Tax Conference today covered two major challenges facing the New Zealand tax system: the rise of base erosion and profit shifting and the changing expectations for customer service. In discussing these, he also spoke about features of New Zealand’s tax policy development which help to provide certainty for taxpayers. For more information, please see the full speech.

Highlights

Legislation introduced on 22 November 2013 in the Taxation (Annual Rates, Employee Allowances,...

The Government’s 2014 Budget has been announced today and includes tax proposals aimed at...

Revenue Minister Todd McClay today released the Government’s tax policy work programme for...

The Australian Government has completed legislative steps that will allow New Zealanders to...