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SOP extends bright-line test

By   /  February 15, 2018  /  24/7 News, Economy, Inland Revenue Department, New Zealand, Press Release, Public Sector, Taxation  /  Comments Off on SOP extends bright-line test

MIL OSI – Source: Inland Revenue Department – Release/Statement Headline: SOP extends bright-line test A Supplementary Order Paper released today proposes an amendment for inclusion in the Taxation (Annual Rates for 2017-18, Employment and Investment Income, and Remedial Matters) Bill. The SOP extends the current “bright-line” test from two years to five years. For more […]

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Error in BEPS Bill

By   /  February 15, 2018  /  24-7, 24/7 News, Inland Revenue Department, MIL NZ OSI, New Zealand, New Zealand Government, New Zealand Government Public Service, Press Release  /  Comments Off on Error in BEPS Bill

Source: New Zealand Inland Revenue Department – Press Release/Statement: Headline: Error in BEPS Bill Inland Revenue has become aware of an error in the Taxation (Neutralising Base Erosion and Profit Shifting) Bill currently being considered by the Finance and Expenditure Committee. Wording in the Bill means that the interest deduction limitation rule applying to cross-border […]

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Tax policy news – 18 January 2018

By   /  January 18, 2018  /  24/7 News, Economy, Inland Revenue Department, New Zealand, Press Release, Public Sector, Taxation  /  Comments Off on Tax policy news – 18 January 2018

MIL OSI – Source: Inland Revenue Department – Release/Statement Headline: Tax policy news – 18 January 2018 Revenue Minister Stuart Nash today welcomed the decision by Inland Revenue to provide support for drought affected farmers in the lower North Island and the West Coast of the South Island through the income equalisation scheme. For more […]

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Briefing for the Incoming Minister

By   /  December 20, 2017  /  24/7, 24/7 News, Inland Revenue Department, MIL NZ OSI, New Zealand, New Zealand Government, New Zealand Government Public Service, Press Release  /  Comments Off on Briefing for the Incoming Minister

Source: New Zealand Inland Revenue Department – Press Release/Statement: Headline: Briefing for the Incoming Minister 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 › Briefing for the Incoming […]

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Tax policy news – 20 December 2017

By   /  December 20, 2017  /  24/7 News, Economy, Inland Revenue Department, New Zealand, Press Release, Public Sector, Taxation  /  Comments Off on Tax policy news – 20 December 2017

MIL OSI – Source: Inland Revenue Department – Release/Statement Headline: Tax policy news – 20 December 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 […]

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Families Package Bill passed

By   /  December 16, 2017  /  24/7, 24/7 News, Inland Revenue Department, MIL NZ OSI, New Zealand, New Zealand Government, New Zealand Government Public Service, Press Release  /  Comments Off on Families Package Bill passed

Source: New Zealand Inland Revenue Department – Press Release/Statement: Headline: Families Package Bill passed 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 › Families Package Bill passed Families […]

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Families Package Bill introduced

By   /  December 14, 2017  /  24/7, 24/7 News, Inland Revenue Department, MIL NZ OSI, New Zealand, New Zealand Government, New Zealand Government Public Service, Press Release  /  Comments Off on Families Package Bill introduced

Source: New Zealand Inland Revenue Department – Press Release/Statement: Headline: Families Package Bill introduced A Bill to provide more assistance to families was introduced into Parliament today. The Families Package (Income Tax and Benefits) Bill includes measures to support the Government’s aim of providing more targeted assistance to low and middle income families with children. […]

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BEPS tax bill introduced

By   /  December 6, 2017  /  24/7, 24/7 News, Inland Revenue Department, MIL NZ OSI, New Zealand, New Zealand Government, New Zealand Government Public Service, Press Release  /  Comments Off on BEPS tax bill introduced

Source: New Zealand Inland Revenue Department – Press Release/Statement: Headline: BEPS tax bill introduced A tax bill which will counter base erosion and profit shifting by multinational companies has been introduced into Parliament today. The Taxation (Neutralising Base Erosion and Profit Shifting) Bill contains measures which will prevent multinationals from using: – artificially high interest […]

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Terms of Reference for Tax Working Group chair announced

By   /  November 23, 2017  /  24/7, 24/7 News, Inland Revenue Department, MIL NZ OSI, New Zealand, New Zealand Government, New Zealand Government Public Service, Press Release  /  Comments Off on Terms of Reference for Tax Working Group chair announced

Source: New Zealand Inland Revenue Department – Press Release/Statement: Headline: Terms of Reference for Tax Working Group chair announced The Ministers of Finance and Revenue today released the Terms of Reference and named Sir Michael Cullen as Chair of the Government’s Tax Working Group. For more information see the Ministers’ media statement. — MIL OSI

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Address to CA ANZ tax conference

By   /  November 17, 2017  /  24/7, 24/7 News, Inland Revenue Department, MIL NZ OSI, New Zealand, New Zealand Government, New Zealand Government Public Service, Press Release  /  Comments Off on Address to CA ANZ tax conference

Source: New Zealand Inland Revenue Department – Press Release/Statement: Headline: Address to CA ANZ tax conference In his opening address to the Chartered Accountants Australia and New Zealand tax conference yesterday, Revenue Minister Stuart Nash outlined the Government’s 100 day priorities for the tax system. He also discussed some of the challenges facing the tax […]

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Reinstatement of Bill

By   /  November 10, 2017  /  24/7, 24/7 News, Inland Revenue Department, MIL NZ OSI, New Zealand, New Zealand Government, New Zealand Government Public Service, Press Release  /  Comments Off on Reinstatement of Bill

Source: New Zealand Inland Revenue Department – Press Release/Statement: Headline: Reinstatement of Bill On Wednesday 8 November 2017 Parliament reinstated the Taxation (Annual Rates for 2017–18, Employment and Investment Income, and Remedial Matters) Bill. The Finance and Expenditure Committee will now continue its consideration of the Bill. The Bill, introduced on 6 April 2017, contains […]

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Tax policy news – 10 November 2017

By   /  November 10, 2017  /  24/7 News, Economy, Inland Revenue Department, New Zealand, Press Release, Public Sector, Taxation  /  Comments Off on Tax policy news – 10 November 2017

MIL OSI – Source: Inland Revenue Department – Release/Statement Headline: Tax policy news – 10 November 2017 On Wednesday 8 November 2017 Parliament reinstated the Taxation (Annual Rates for 2017–18, Employment and Investment Income, and Remedial Matters) Bill. The Finance and Expenditure Committee will now continue its consideration of the Bill. The Bill, introduced on […]

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Tax policy news – 23 August 2017

By   /  August 23, 2017  /  24/7 News, Economy, Inland Revenue Department, New Zealand, Press Release, Public Sector, Taxation  /  Comments Off on Tax policy news – 23 August 2017

MIL OSI – Source: Inland Revenue Department – Release/Statement Headline: Tax policy news – 23 August 2017 A new information sharing agreement between Inland Revenue and the Ministry of Social Development signed in July will come into effect later this month. The new agreement brings together current information sharing arrangements into one agreement, and enables […]

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Tax policy news – 15 August 2017

By   /  August 15, 2017  /  24/7 News, Economy, Inland Revenue Department, New Zealand, Press Release, Public Sector, Taxation  /  Comments Off on 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 […]

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Tax policy news – 9 August 2017

By   /  August 9, 2017  /  24/7 News, Economy, Inland Revenue Department, New Zealand, Press Release, Public Sector, Taxation  /  Comments Off on 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. […]

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Tax policy news – 3 August 2017

By   /  August 3, 2017  /  24/7 News, Economy, Inland Revenue Department, New Zealand, Press Release, Public Sector, Taxation  /  Comments Off on 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 […]

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Tax policy news – 17 July 2017

By   /  July 17, 2017  /  24/7 News, Economy, Inland Revenue Department, New Zealand, Press Release, Public Sector, Taxation  /  Comments Off on 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 […]

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Tax policy news – 28 June 2017

By   /  June 28, 2017  /  24/7 News, Economy, Inland Revenue Department, New Zealand, Press Release, Public Sector, Taxation  /  Comments Off on 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 […]

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Tax policy news – 22 June 2017

By   /  June 22, 2017  /  24/7 News, Economy, Inland Revenue Department, New Zealand, Press Release, Public Sector, Taxation  /  Comments Off on 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 […]

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Tax policy news – 19 June 2017

By   /  June 19, 2017  /  24/7 News, Economy, Inland Revenue Department, New Zealand, Press Release, Public Sector, Taxation  /  Comments Off on 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 […]

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