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
Taxation (Annual Rates for 2017–18, Employment and Investment Income, and Remedial Matters) Bill
As at 14 May 2018
Tax policy news
Employment and investment income tax bill introduced (6 April 2017)
Reinstatement of Bill (10 November 2017)
SOP extends bright-line test (15 February 2018)
Employment and investment income bill reported back (20 February 2018)
Government to retain payroll subsidy (28 February 2018)
Tax bill passes third reading (28 March 2018)
Tax bill enacted (31 March 2018)
Four special reports on new tax legislation now available (14 May 2018)
Publications
Bill as introduced (6 April 2017)
Disclosure statement (6 April 2017)
Commentary on the Bill (6 April 2017)
Regulatory impact statements (6 April 2017)
Revised disclosure statement (15 February 2018)
Bill as reported back (20 February 2018)
Officials' report on submissions on the bill (20 February 2018)
Taxation (Annual Rates for 2017–18, Employment and Investment Income, and Remedial Matters) Act 2018
Special report on the extension of the bright-line test to five years (14 May 2018)
Special report on the provision of IRD numbers to Portfolio Investment Entities (14 May 2018)
Special report on PAYE reporting changes and changes to the payroll subsidy scheme (14 May 2018)
Parliament information on the Bill
| Stage before Parliament | Date |
|---|---|
| Introduction | 6 April 2017 |
| First reading | 24 May 2017 |
| Closing date for submissions | 5 July 2017 |
| Presentation/report back | 20 February 2018 |
| Second reading (report back debate) | 27 February 2018 |
| Committee of the whole House | 20 March 2018 |
| Third reading | 27 March 2018 |
| Assent | 29 March 2018 |
Note: This Bill lapsed with the dissolution of Parliament on 22 August 2017 and was reinstated on 8 November 2017.
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