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

RISs - Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Bill

Regulatory impact statements for the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Bill. May 2016.

The regulatory impact statements cover:

  1. Aircraft overhaul expenses: deductibility and timing
  2. Cross government sharing of tax information
  3. Exempting councils from the land tainting tax rules
  4. GST current issues
  5. Loss grouping and imputation credits
  6. NRWT: Related party and branch lending – bank and unrelated party lending
  7. NRWT: Related party and branch lending – NRWT changes
  8. Related parties debt remission
  9. Relationship between double tax agreements and anti-avoidance rules
  10. Remission income, tax losses and insolvent individuals
  11. Review of closely held company taxation

Signed versions (in PDF format) and Word versions (in DOCX format) of the regulatory impact statements are also available.

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