Policy Advice Division

Tax policy news

16 May 2012
Minister welcomes NZICA input

The Minister of Revenue thanked the New Zealand Institute of Chartered Accountants today for their participation in the discussion about reducing tax compliance costs for small and medium enterprises.  For more information see the media statement.

10 May 2012
International tax bill enacted

Legislation introduced in the Taxation (International Investment and Remedial Matters) Bill received Royal assent on 7 May. The resulting Act is available here.

A special report on the new reforms will be published here in the coming weeks, as early information for interested parties. Full coverage of the contents of the new legislation will appear in the July edition of the Tax Information Bulletin.

9 May 2012
Child Support Bill progresses

The Child Support Amendment Bill first introduced to the House in October 2011, had its First Reading yesterday. See the Minister of Revenue’s media statement for more information.

4 May 2012
Order in Council improves information sharing

Associate Social Development Minister Chester Borrows and Revenue Minister Peter Dunne announced that an Order in Council made on 2 May will help improve the sharing of information between Inland Revenue and the Ministry of Social Development. For more information, see the media statement.

3 May 2012
Updated NZ/Canada DTA signed

An updated double tax agreement was signed today replacing the 1980 agreement. The new agreement lowers withholding taxes on dividend and royalties between the two countries. The updated agreement with Canada will come into force once both countries have given legal effect to it. For more information see the media statement.

Highlights

Briefing to incoming minister released

Inland Revenue’s post-election briefing for the incoming Minister of Revenue was released...

Child Support bill introduced

The Child Support Amendment Bill which proposes a range of changes to improve the scheme was...

Gift duty and foreign investment PIEs special reports

The Taxation (Tax Administration and Remedial Matters) Act 2011 was...