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

Tax policy news

15 August 2019

A special report providing early information on the new rules applying to “distantly taxable” goods supplied to consumers in New Zealand is now available. This includes the requirement for offshore suppliers, electronic marketplaces and redeliverers to return GST on low-value goods such as books, clothing, cosmetics and shoes.

The new rules come into force on 1 December 2019, and are part of the Taxation (Annual Rates for 2019-20, GST Offshore Supplier Registration, and Remedial Matters) Act. Full coverage of the new Act will be published in the September 2019 edition of the Tax Information Bulletin.

13 August 2019

Supplementary Order Paper No 293 to the Taxation (KiwiSaver, Student Loans, and Remedial Matters) Bill was released today by the Minister of Commerce and Consumer Affairs, Hon Kris Faafoi.

The SOP proposes changes to the KiwiSaver Act to allow a person that has a life-shortening congenital condition to withdraw their savings early.

For more information see:
- the Minister of Commerce and Consumer Affairs's media statement (from 21 July);
- Supplementary Order Paper No 293;
- the revised disclosure statement;
- the regulatory impact assessment (PDF 1.1 MB); and
- supporting documents.

8 August 2019

In an address to the Young International Fiscal Association today, the Finance Minister and Revenue Minister discussed aspects of the Government’s updated tax policy work programme for the next 18 months. The work programme aims to support the Government’s objectives to improve the living standards and wellbeing of all New Zealanders. The 2019–20 work programme contains tax policy measures that the Government considers most likely to enhance productivity and increase the fairness of the tax system.

For more information see the Minister of Revenue's media statement, an outline of the work programme, and the tax and social policy engagement framework.

8 August 2019

New Zealand and Switzerland have signed a protocol updating the double tax agreement between the two countries. The protocol was updated to include model treaty provisions to prevent tax treaty abuse and improve dispute resolution as recommended by the OECD and G20. The amended agreement will come into force once both countries have introduced the necessary domestic legislation. For more information see the Minister of Revenue’s media statement and the text of the protocol.

26 July 2019

Advice provided to the Minister of Finance and Minister of Revenue related to the Tax Working Group is now available. This includes policy reports, briefing notes, and emails prepared by Inland Revenue and the Treasury.

Tax Working Group

For the terms of reference, news, reports, and other information see the Tax Working Group's website.

Information releases

We now proactively release Cabinet papers, minutes and supporting papers for tax policy related decisions. View the latest information releases.

Highlights

Two pre-Budget announcements were made by the Government today.

GST on...

The Taxation (Research and Development Tax Credits) Act 2019 received Royal assent yesterday....

The Minister of Revenue, Hon Stuart Nash, spoke at the International Fiscal Association’s...