This website discusses proposals to improve the administration of investment income in order to make tax simpler and seeks your input on these proposals.
New Zealand has an ageing population with the proportion of people aged 65 years and over increasing. As people age, they typically earn more of their income from investments. As a result, the way this income is taxed needs to be as efficient and effective as possible.
The Government is looking at what investment income information is collected, how often it is collected, and how it is collected.