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Source: Inland Revenue Department –

Regulatory impact statements for items included in the Taxation (Annual Rates for 2023-24, Multinational Tax, and Remedial Matters) Bill, introduced to Parliament on 18 May 2023.

These cover:

  1. The taxation of trustee income
  2. OECD’s Pillar Two GloBE tax rules
  3. Taxation of backdated lump sum payments
  4. Government payment of an employer contribution to qualifying paid parental leave recipients, and
  5. Extending tax exemption for non-resident oil rig and seismic vessel operators