Policy Advice Division

Tax policy news

20 May 2013
Foreign super tax bill introduced

The Taxation (Annual Rates, Foreign Superannuation, and Remedial Matters) Bill was introduced by the Minister of Revenue today. The bill proposes reforms to the taxation of foreign superannuation to make the rules simpler and easier to comply with, makes changes to the rules for specified mineral mining, and provides a minimum financial reporting framework for companies and potentially other taxpayers. For more information see the media statement and fact sheet on the proposed foreign superannuation transitional rules, the bill and its commentary, and the regulatory impact statements.

16 May 2013
Budget 2013 announcements

Budget 2013 contains proposals to change the tax treatment of specific forms of business “black hole” expenditure, cash out tax losses for research and development intensive start-up firms and review the effectiveness of the thin capitalisation rules.

An officials’ issues paper, Clarifying the acquisition date of land, was released seeking feedback on a proposal to clarify the date when land is acquired for sale or disposal. Submissions close on 28 June 2013.

Proposed changes to the Student Loan Scheme were also announced.

For more information see the Budget 2013 tax announcements.

24 April 2013
Feedback sought on taxation of land-related lease payments

A tax policy officials’ issues paper released today seeks feedback on options to reform the tax treatment of land-related lease payments. For more information see the Minister of Revenue’s media statement and the issues paper, The taxation of land-related lease payments.

23 April 2013
FEC considers transitional imputation penalty repeal

Revenue Minister Peter Dunne announced that Parliament’s Finance and Expenditure Select Committee is considering repealing the transitional imputation penalty. For more information see the Minister’s media statement.

18 April 2013
Update on BEPS work

The Minister of Revenue released an officials’ report on work to address the issue of taxing large multinationals and Base Erosion and Profit Shifting (BEPS). For more information see the Minister’s media statement and the report.

Highlights

Government consults on tax information-sharing to help counter crime

The Government is seeking public feedback on proposed changes that would allow Inland Revenue to...

Student loan scheme bill enacted

The Student Loan Scheme Amendment Bill No. 2 passed its third reading...

Scholarships website launched

Following the formal...

SOP to Livestock tax bill released

The Minister of Revenue, Peter Dunne, has today released a supplementary order paper to the...

Taxation bill introduced

The Taxation (Livestock Valuation, Assets Expenditure and Remedial Matters) Bill was introduced...