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

Bill on way to enactment

25 August 2000

Parliament last night concluded the second reading of the Taxation (FBT, SSCWT and Remedial Matters) Bill. Changes recommended by the Finance and Expenditure Committee were accepted, with strong parliamentary support for the inserted exemption from the fund withdrawal tax for people earning under $60,000 a year. The bill is expected to have its final reading in September. For information on the changes made to the bill since it was introduced, see our special report of 31 July.