Tax Bill receives assent

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Source: Inland Revenue Department –

The Taxation (Annual Rates for 2022—23, Platform Economy, and Remedial Matters) Bill (No 2) has today received Royal assent.

The new legislation contains measures relating to:

  • the platform economy
  • new GST apportionment rules
  • FBT exemptions for certain forms of employer-subsidised commuting options
  • the tax treatment of cross-border workers
  • flood relief measures, and
  • excludes “build-to-rent” assets from the interest limitation rules.

Inland Revenue will publish guidance material on the new legislation shortly.

MIL OSI

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