Announcements
PUBLISHED 10 May 2011

International bill reported back

The Finance and Expenditure Committee yesterday reported to Parliament on the Taxation (International Investment and Remedial Matters) Bill introduced in October last year. The bill continues the reform of New Zealand’s international tax rules by allowing joint ventures and other New Zealand shareholdings in foreign companies that are not controlled by New Zealand firms an active income exemption. For more information see the officials' report on submissions received on the bill.