SOP to tax bill about proposal to extend the Commissioner’s care and management role released

Supplementary Order Paper No. 193 to the Taxation (Annual Rates for 2019–20, GST Offshore Supplier Registration, and Remedial Matters) Bill was released today.

The Supplementary Order Paper reintroduces the proposal to extend the Commissioner of Inland Revenue’s care and management role, which was removed from the Taxation (Annual Rates for 2018-19, Modernising Tax Administration, and Remedial Matters) Bill earlier this year.

The proposed amendments provide options to resolve legislative anomalies where there are issues with tax laws that produce outcomes which are inconsistent with clear and understood policy intent. The options allow for an Order in Council to be made on the recommendation of the Minister of Revenue, and provide the Commissioner of Inland Revenue with an exemption-making power. These can be used to modify the application of tax laws, at the optional application of taxpayers, for a limited period of time, and following a period of public consultation.

For more information see the SOP, the revised departmental disclosure statement, Cabinet paper and minute, and the updated regulatory impact assessment.