Tax Policy, Inland Revenue | News and information about the Government's tax policy work programme

Tax policy news

17 April 2014

The Minister of Revenue announced today the details of a conference to be held on 12 and 13 June which will focus on the simplification of New Zealand’s tax administration. The conference is being hosted jointly by Victoria University of Wellington, Inland Revenue and the Treasury. For more information, please see the Minister’s media statement.

15 April 2014

Employee allowances bill reported back

The Finance and Expenditure Committee has reported back to Parliament on the Taxation (Annual Rates, Employee Allowances, and Remedial Matters) Bill which was introduced on 22 November 2013. For more information see the bill as reported back and the officials' report on submissions received.

8 April 2014

Special report: Changes to the taxation of foreign superannuation

As part of the recently enacted Taxation (Annual Rates, Foreign Superannuation, and Remedial Matters) Act 2014, changes have been made to the taxation of interests in foreign superannuation schemes held by New Zealand residents. For early information about the changes, see the special report which is published here in advance of comprehensive coverage of the new Act in the May edition of the Tax Information Bulletin.

14 March 2014

Address to IFA

In his address to the International Fiscal Association, the Minister of Revenue Todd McClay discussed some of the key aspects of base erosion and profit shifting (BEPS) and also the digital economy and their implications for the tax system. For more information, please read the full speech.

13 March 2014

Changes to financial reporting requirements

The financial reporting obligations for a number of medium-sized companies has been simplified following the passage of the Financial Reporting Act. An Order in Council was made this week that specifies for tax purposes the minimum financial reporting requirements for companies.

For more information, see Tax Administration (Financial Statements) Order 2014 LI 2014/69 and the media statement from Hon Craig Foss and Hon Todd McClay.

Highlights

New legislation enacted

Legislation introduced on 20 May 2013 in the Taxation (Annual Rates, Foreign Superannuation, and...

November tax bill introduced

The Taxation (Annual Rates, Employee Allowances, and Remedial Matters) Bill introduced today...

Govt releases new tax policy work programme

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

Trans-Tasman super portability set to go live

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

Budget 2013 announcements

Budget 2013 contains proposals to change the tax treatment of specific forms of business “...