Contents
Chapter 1 – Introduction
Chapter 2 – Tax information and confidentiality
- Summary of proposals
- Introduction
- Environment
- Current legislative framework
- A new approach for tax information
- Enforcement of taxpayer confidentiality
Chapter 3 – Information collection
- Summary of proposals
- External datasets
- Information gathered for one purpose being used for other purposes within Inland Revenue
Chapter 4 – Getting it right from the start
- Summary of proposals
- The assessment framework – right from the start
- Advice
- Returns and information collection
- Assessment
- Process for the Commissioner to amend an assessment
- Withholding taxes
- Payment of tax
- Disputes process
- Penalties
- Record keeping
Chapter 5 – The role of tax intermediaries in the transformed administration
- Summary of proposals
- Role of intermediaries
- Types of intermediaries
- Intermediaries who fall within the scope of the proposals
- The future role of tax intermediaries
- Extension of tax agent services to PAYE and GST filers
- Expanding the coverage of section 34B
- Proposed definition of “fee” (for the purposes of a new section 34B)
- Applying for listing is proposed to be optional for those who are eligible
- Change in terminology
- Taxpayers can be linked to multiple intermediaries
- Defining who is eligible for the extension of time
- Tax intermediary linking process and taxpayer control of intermediaries’ access
- Protecting the integrity of the tax system
Chapter 6 – Role of the Commissioner and design of a new Tax Administration Act
- Summary of proposals
- Greater administrative flexibility
- Making greater use of regulations
- Issues with the current structure of the Tax Administration Act
- Hierarchical approach to drafting