Policy Advice Division

Tax policy news

7 February 2012
SOP to the Taxation (Annual Rates, Returns Filing, and Remedial Matters) Bill released

The Minister of Revenue today released a supplementary order paper to the Taxation (Annual Rates, Returns Filing, and Remedial Matters) Bill, which is currently before the Finance and Expenditure Select Committee. Supplementary Order Paper No. 1 contains technical amendments to the look-through company and limited partnership provisions to clarify definitions used in the deduction limitation rules.

2 February 2012
Briefing to incoming minister released

Inland Revenue’s post-election briefing for the incoming Minister of Revenue was released today. The briefing provides a stock-take of the current tax policy and administration, and the challenges ahead. For more information see the Briefing for the Incoming Minister of Revenue – 2011.

11 November 2011
Speech to NZICA

In an address to the NZ Institute of Chartered Accountants, Revenue Minister Peter Dunne discussed some of the achievements made in the last year with regard to tax policy. See the Minister's speech for more information.

10 November 2011
NZ-Hong Kong DTA in force

A double tax agreement between New Zealand and Hong Kong has come into force. For more information see the media statement and the text of the agreement.

11 October 2011
Earthquake relief provisions extended

Two Orders-in-Council originally made after the September 2010 Canterbury earthquake have been extended to ensure that support for Canterbury residents continues. These allow Inland Revenue to remit interest on tax paid late because of the earthquakes and the other allows Inland Revenue to share certain information with other government agencies in order to continue service delivery. For more information see the Minister of Revenue's 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...