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

26 February 2015
Bill clarifies GST-bodies corporate rules

Measures to clarify the GST position of bodies corporate were introduced in the Taxation (Annual Rates for 2015–16, Research and Development, and Remedial Matters) Bill today. For more information see the Minister of Revenue’s media statement.

26 February 2015
Omnibus tax bill introduced

The Taxation (Annual Rates for 2015–16, Research and Development, and Remedial Matters) Bill was introduced to Parliament today. The principal proposals in the bill address tax impediments to R&D innovation, and clarify the GST rules for bodies corporate. The bill also proposes a suite of measures to ensure the tax system is well maintained and that the tax and social policy rules operate as intended. For more information see the bill and its commentary, and the regulatory impact statements.

24 February 2015
Feedback sought on proposed changes to related parties debt remission rules

An officials’ issues paper released today seeks feedback on proposed changes to make the debt remission rules more certain for taxpayers. For more information see the media statement and the issues paper, Related parties debt remission. The closing date for submissions is 14 April 2015.

12 February 2015
Drought relief measure for affected farmers

Revenue Minister Todd McClay today welcomed Inland Revenue’s decision to provide support for drought-affected farmers in the eastern South Island through the income equalisation scheme. For more information see the media statement.

18 December 2014
New measure to counter tax evasion begins next year

The Convention on Mutual Administrative Assistance in Tax Matters signed in 2012 becomes operative for New Zealand on 1 January 2015. The convention boosts Inland Revenue’s powers to discover evasion and pursue tax debt overseas. For more information see the media statement.

Highlights

Omnibus tax bill introduced

The Taxation (Annual Rates for 2015–16, Research and Development, and Remedial Matters)...

Feedback sought on proposed changes to related parties debt remission rules

An officials’ issues paper released today seeks feedback on proposed changes to make the...