Contents
KiwiSaver
Student loans
- Limiting ability to reopen repayment obligations prior to 1 April 2013
- Overseas-based borrowers with serious illness or disabilities
- Notifying employers when student loans are close to being repaid
- Renaming the student loan repayment holiday
- Writing off historic fraudulent loans
Research and development
- Refundability and new tax exempt entity exclusion
- Timeframe for completing disputes process
- Declining R&D certifier applications
- Revoking R&D certifier approvals
- Challenging the Commissioner’s decisions
- Allocating credits to joint venture members
- Internal software development expenditure
Other policy and remedial changes
- Employee share schemes – definition of market value
- Takeovers and similar reorganisations under exempt employee share schemes
- Employee share schemes – flexibility to allow employees to keep shares if they leave employment
- Schedule 32 overseas donee status
- Widening the Commissioner’s power to put investors on the correct prescribed investor rate
Clarifications and /publications/2019/2019-commentary-ksslrm-bill/remedials
- Eliminating the requirement to estimate at the final instalment date for provisional tax
- Clarifying the “lesser of” calculation of interest for standard “uplift” taxpayers
- Clarifying the application of late payment penalties applicable from the final provisional tax instalment date
- Removing the ability for taxpayers to choose the provisional tax instalment to which a particular payment is applied
- Clarifying the way in which provisional tax is truncated to whole dollars
- Non-standard provisional tax instalments
- Taxation of trusts
- Tax credits for beneficiaries of trusts
- Income attribution rule and foreign tax credits
- Income attribution rule and treatment of dividends
- Date withdrawal takes effect for binding rulings on matters not involving arrangements
- Ability to withdraw short-process rulings
- Bright-line main home exclusion
- Consideration for grant of an easement
- Māori authority tax credits attached to distributions
- Reciprocal exemption for income from inbound international air transportation
- Amend the date a goods and services tax credit becomes available for a taxpayer to use
- Inbound thin capitalisation de minimis
- Disclosure of information about representatives