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


A government discussion document, GST on low-value imported goods – an offshore supplier registration system, seeks feedback on proposals for offshore suppliers of low-value goods to New Zealand consumers to collect and return GST on those goods.

Submissions close on 29 June 2018.

An officials’ issues paper, GST on assets sold by non-profit bodies, seeks feedback on proposals to clarify the GST rules for the sale of assets by charities and other non-profit bodies.

The main proposal is to ensure that GST is paid on the sale of assets where input tax deductions have been claimed. This applies to insurance receipts and de-registrations, as well as asset sales. The proposed changes will apply from 15 May 2018, with a savings provision to preserve tax positions taken before this.

Submissions close on 15 June 2018.

The Government has announced its intention to introduce a research and development (R&D) tax incentive in 2019 to help more businesses undertake a greater amount of R&D.

The Ministry of Business, Innovation and Employment, Inland Revenue and Callaghan Innovation have designed an R&D tax incentive proposal and are seeking input into the design process.

A discussion document (available from MBIE's website) outlines the main features of the proposal and submissions are open until 1 June 2018.

Your views will inform policy options for the final design of the research and development tax incentive.

An officials' issues paper, Ring-fencing rental losses, seeks feedback on on a proposal to ring-fence losses on residential rental properties.

The intention of the new policy is to level the playing field between speculators and investors, and home buyers.

Submissions closed on 11 May 2018.