Tax policy news – 15 August 2017
MIL OSI – Source: Inland Revenue Department – Release/Statement Headline: Tax policy news – 15 August 2017 An Inland Revenue report into targeted consultation on section 81BA of the Tax Administration Act 1994, which is one of the information sharing provisions, was tabled in Parliament today. The review is a requirement built into legislation. As […]
Read More →Tax policy news – 9 August 2017
MIL OSI – Source: Inland Revenue Department – Release/Statement Headline: Tax policy news – 9 August 2017 Revenue Minister Judith Collins has today welcomed the release of a tax officials’ issues paper, which presents options on how PAYE errors may be corrected and adjustments made, in the context of more frequent filing of PAYE information. […]
Read More →Tax policy news – 3 August 2017
MIL OSI – Source: Inland Revenue Department – Release/Statement Headline: Tax policy news – 3 August 2017 Finance Minister Steven Joyce and Revenue Minister Judith Collins have today announced the Government’s final decisions on proposals to tackle base erosion and profit shifting. For more information see the media statement and background documents. Hon Steven JoyceMinister […]
Read More →Tax policy news – 17 July 2017
MIL OSI – Source: Inland Revenue Department – Release/Statement Headline: Tax policy news – 17 July 2017 The Government has released proposals for making social policy processes administered by Inland Revenue simpler and more certain by basing payments on better information. For more information see the Ministers’ media statement, the discussion document Making tax simpler […]
Read More →Tax policy news – 28 June 2017
MIL OSI – Source: Inland Revenue Department – Release/Statement Headline: Tax policy news – 28 June 2017 A new tax protocol between New Zealand and Hong Kong was signed today, which updates the current double tax agreement between the two jurisdictions to allow full exchange of tax information. For more information see the media statement […]
Read More →Tax policy news – 22 June 2017
MIL OSI – Source: Inland Revenue Department – Release/Statement Headline: Tax policy news – 22 June 2017 The threshold over which information about businesses with an unpaid tax debt may be reported to an approved credit reporting agency has been set by Order in Council at $150,000. For more information see the media statement. Hon […]
Read More →Tax policy news – 19 June 2017
MIL OSI – Source: Inland Revenue Department – Release/Statement Headline: Tax policy news – 19 June 2017 The Government is seeking feedback on proposals that would reduce the number of people who have to provide information to Inland Revenue, and give many people their tax refunds or tax bills automatically. The package of proposals would […]
Read More →Tax policy news – 8 June 2017
MIL OSI – Source: Inland Revenue Department – Release/Statement Headline: Tax policy news – 8 June 2017 The Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (referred to as the Multilateral Instrument, or MLI) was signed by the Minister of Revenue Judith Collins in Paris today. This OECD measure targets base erosion […]
Read More →Tax policy news – 30 May 2017
MIL OSI – Source: Inland Revenue Department – Release/Statement Headline: Tax policy news – 30 May 2017 News and information about the Government’s tax policy work programme, including: – proposed changes to the laws that Inland Revenue is responsible for – updates on the progress of bills through Parliament – policy announcements Home › News […]
Read More →Tax policy news – 26 May 2017
MIL OSI – Source: Inland Revenue Department – Release/Statement Headline: Tax policy news – 26 May 2017 The Taxation (Budget Measures: Family Incomes Package) Bill was passed by Parliament today. The Bill contains changes to tax thresholds and to Working for Families. It also repeals the Independent Earner Tax Credit. The Bill now awaits Royal […]
Read More →Tax policy news – 25 May 2017 – Budget bill tabled
MIL OSI – Source: Inland Revenue Department – Release/Statement Headline: Tax policy news – 25 May 2017 – Budget bill tabled The Taxation (Budget Measures: Family Incomes Package) Bill was introduced into the House today. The bill, which will be debated under urgency, contains proposals to adjust the bottom two tax thresholds, repeal the Independent […]
Read More →Tax policy news – 19 April 2017
MIL OSI – Source: Inland Revenue Department – Release/Statement Headline: Tax policy news – 19 April 2017 The Lead Minister for Edgecumbe and the Minister of Revenue announced today that Inland Revenue will waive use-of-money interest on late tax payments for taxpayers affected by the recent flooding. The Commissioner of Inland Revenue has also decided […]
Read More →Tax policy news – 11 April 2017
MIL OSI – Source: Inland Revenue Department – Release/Statement Headline: Tax policy news – 11 April 2017 Special reports providing early information on new rules for NRWT and AIL, and for closely held companies are now available. The new legislation is contained in the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) […]
Read More →Employment and investment income tax bill introduced
MIL OSI – Source: New Zealand Inland Revenue Department – Press Release/Statement: Headline: Employment and investment income tax bill introduced The Taxation (Annual Rates for 2017–18, Employment and Investment Income, and Remedial Matters) Bill was introduced in Parliament today. The Bill proposes measures relating to the collection of employment and investment income information, reforms to […]
Read More →Tax policy news – 31 March 2017
MIL OSI – Source: Inland Revenue Department – Release/Statement Headline: Tax policy news – 31 March 2017 The recently enacted Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act contained changes to the GST treatment of services related to land. This special report provides early information about those changes. Full coverage of […]
Read More →Tax policy news – 29 March 2017 – AEOI
MIL OSI – Source: Inland Revenue Department – Release/Statement Headline: Tax policy news – 29 March 2017 – AEOI As part of implementing the Common Reporting Standard (CRS) for Automatic Exchange of Financial Account Information in Tax Matters (commonly referred to as AEOI), New Zealand is required to publish a list of jurisdictions that Inland […]
Read More →Tax policy news – 27 March 2017
MIL OSI – Source: Inland Revenue Department – Release/Statement Headline: Tax policy news – 27 March 2017 This special report provides early information on changes to the foreign trust disclosure rules introduced by the Taxation (Business Tax, Exchange of Information, and Remedial Matters) Act 2017. Full coverage of the new legislation will appear in the […]
Read More →Tax policy news – 23 March 2017
MIL OSI – Source: Inland Revenue Department – Release/Statement Headline: Tax policy news – 23 March 2017 The Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Bill passed its third reading in Parliament today. The Bill contains measures to improve, strengthen and update the rules for closely held companies, non-resident withholding tax […]
Read More →Tax policy news – 16 March 2017
MIL OSI – Source: Inland Revenue Department – Release/Statement Headline: Tax policy news – 16 March 2017 The Minister of Revenue today welcomed the decision by Inland Revenue to provide support for flood-hit farmers by relaxing the rules for the income equalisation scheme. See the Minister’s media statement for more information. Hon Judith CollinsMinister of […]
Read More →Tax policy news – 9 March 2017
MIL OSI – Source: Inland Revenue Department – Release/Statement Headline: Tax policy news – 9 March 2017 In her address to the EMA Payroll conference this year, the Minister of Revenue Judith Collins discussed in detail how the feedback from consultation contributed to the proposed improvements to the PAYE process. These improvements are included in […]
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