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

Special reports on new legislation

28 February 2017

Legislation introduced on 8 August 2016 in the Taxation (Business Tax, Exchange of Information, and Remedial Matters) Bill received Royal assent last week. The new Act is now available on the New Zealand Legislation website.

Special reports providing early information are now available on:

- measures to implement the G20/OECD standard for the automatic exchange of information, and

- a suite of simplified business tax processes, including a new way for businesses to pay their provisional tax.

A special report on foreign trust disclosure rules will also be published soon.

Full coverage of the new Act will be published in the Tax Information Bulletin.