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

22 June 2017

The threshold over which information about businesses with an unpaid tax debt may be reported to an approved credit reporting agency has been set by Order in Council at $150,000. For more information see the media statement.

19 June 2017

The Government is seeking feedback on proposals that would reduce the number of people who have to provide information to Inland Revenue, and give many people their tax refunds or tax bills automatically.

The package of proposals would make tax simpler and more certain for more than three million people who receive income only from salary, wages, interest or dividends.

For more information see the Ministers' media statement, the discussion document Making tax simpler - Better administration of individuals’ income tax and the online forum. Consultation closes on Friday 28 July 2017.

8 June 2017

The Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (referred to as the Multilateral Instrument, or MLI) was signed by the Minister of Revenue Judith Collins in Paris today. This OECD measure targets base erosion and profit shifting (BEPS). It will enable signatory countries, including New Zealand, to quickly update existing double tax treaties to include articles on permanent establishment avoidance, treaty abuse, dispute resolution and hybrid mismatches.

New Zealand’s position on which of its tax treaties should be covered and which provisions it will adopt was contained in the officials’ issues paper New Zealand’s implementation of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS, and this final position remains virtually unchanged. The OECD has published the full MLI positions of all signatories (including New Zealand) on its website. A report providing full details of the process for implementation and the effect of the MLI on New Zealand’s treaty network will be published on this website soon.

For more information see the Minister's media statement and OECD's information about the MLI.

30 May 2017

Legislation introduced on 25 May 2017 in the Taxation (Budget Measures: Family Incomes Package) Bill received Royal assent on 29 May. The new Act is now available at New Zealand Legislation.

30 May 2017

An officials’ issues paper released today seeks feedback on proposed deferral rules for taxing employee share schemes offered by start-up companies. Full details are in the issues paper, Taxation of employee share schemes: start-up companies. See also the Minister's media statement.


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