Skip to main content
Inland Revenue
Inland Revenue
Inland Revenue

Tax Policy

Search tips
Information release
Published 29 April 2022

Cabinet paper DEV-22-SUB-0016: Tax Administration (Financial Statements—Domestic Trusts) Order 2022

Information release for the Tax Administration (Financial Statements—Domestic Trusts) Order 2022. The Taxation (Income Tax Rate and Other Amendments) Act 2020 (enacted on 7 December 2020) introduced increased disclosure requirements for certain trusts, including the requirement to prepare financial statements for the 2021–22 and later income years. This order sets the minimum level of detail required in the financial statements for these trusts.
Documents in this information release
  1. IR2022-002 – Tax policy report: Order in Council: minimum standards for financial statements prepared by domestic trusts (21 January 2022) (12 pages; PDF 458KB; DOCX 94KB)
  2. DEV-22-SUB-0016 – Cabinet paper: Tax Administration (Financial Statements - Domestic Trusts) Order 2022 (2 March 2022) (11 pages; PDF 166KB; DOCX 44KB)
  3. DEV-22-MIN-0016 – Minute: Tax Administration (Financial Statements - Domestic Trusts) Order 2022 (2 March 2022) (2 pages; PDF 113KB; DOCX 50KB)
Additional information

The Cabinet paper was considered by the Cabinet Economic Development Committee on 2 March 2022 and confirmed by Cabinet on 7 March 2022.

Two attachments to the Cabinet paper are not included in this information release as they are publicly available:

Table of Contents

Related Publications

Title Type Date
Cabinet paper CAB-20-SUB-0484: Introducing a new top personal income tax rate Information release December 2020
Minimum standards for financial statements prepared by domestic trusts Regulatory impact assessment March 2022
Cabinet paper CAB-20-SUB-0484: Introducing a new top personal income tax rate
Type
Information release
Date
December 2020
Minimum standards for financial statements prepared by domestic trusts
Type
Regulatory impact assessment
Date
March 2022