Updates required to the recent special report
Source: Inland Revenue Department –
We have identified several errors in the recent special report on the Taxation (Annual Rates for 2020–21, Feasibility Expenditure, and...
GST policy issues
Source: Inland Revenue Department –
News and information about the Government’s tax policy work programme, including:– proposed changes to the laws that Inland Revenue is...
Commentary on Supplementary Order Paper released
Source: Inland Revenue Department –
A commentary to Supplementary Order Paper No 64 has been released today. The SOP was released on 28 September and...
Budget 2021
Source: Inland Revenue Department –
Documents in this information release
Date
Reference
Documenttype
Title
Download
9 February 2021
T2021/85IR2021/052
Tax policy report
Formulation of the Government’s revenue strategy
PDF (373 KB)
4 March 2021
T2021/314IR2021/080
Tax policy report
Draft...
Introduction of a new business continuity test for tax losses
Source: Inland Revenue Department –
The Minister of Revenue has indicated his intention to introduce legislation to relax New Zealand’s loss continuity rules to allow...
Cabinet paper LEG-20-SUB-0065: Raising the automatic write-off threshold for qualifying individuals from $50 to...
Source: Inland Revenue Department –
News and information about the Government’s tax policy work programme, including:– proposed changes to the laws that Inland Revenue is...
Income tax treatment of leases subject to NZ IFRS 16
Source: Inland Revenue Department –
News and information about the Government’s tax policy work programme, including:– proposed changes to the laws that Inland Revenue is...
MFTC threshold increased
Source: Inland Revenue Department –
The Taxation (Budget 2021 and Remedial Measures) Bill was introduced into the House on Thursday 20 May 2021. The Bill...
Government releases interest limitation proposals
Source: Inland Revenue Department –
The Government has today released draft legislative proposals aimed at limiting the deductibility of interest incurred for residential property investments....
Cabinet paper LEG-21-SUB-0027: Tax Administration (Direct Credit of Totalisator Duty, Lottery Duty, Casino Duty,...
Source: Inland Revenue Department –
Information release for the Tax Administration (Direct Credit of Totalisator Duty, Lottery Duty, Casino Duty, and Unclaimed Money) Order 2021....
Feedback sought on reporting requirements for domestic trusts
Source: Inland Revenue Department –
From the 2021–22 income year there are new disclosure rules for domestic trusts – trustees will have to prepare financial...
Taxation (COVID-19 Resurgence Support Payments and Other Matters) Bill
Source: Inland Revenue Department –
Commentary on proposed amendments included in the Taxation (COVID-19 Resurgence Support Payments and Other Matters) Bill, introduced to Parliament on 16...