Taxation (Annual Rates, Returns Filing, and Remedial Matters) Bill

Officials’ 2-volume Report to the Finance and Expenditure Taxation Committee on Submissions on the Bill. June 2012.

Volume 1 covers:

• Simplifying record-keeping requirements for businesses
• Profit distribution plans
• Software development costs
• KiwiSaver
• Working for Families
• GST
• Other matters
• Matters raised by officials

Volume 2 covers:

• Simplifying filing requirements for individuals
• Requiring taxpayers who elect to file tax returns to file across the previous four years
• Issues raised by the Committee’s specialist tax adviser
• Other policy matters