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Major overhaul for IRD social policy payments

By   /  July 17, 2017  /  24/7 News, Finance, Judith Collins, National-led Government - 2014-2017, New Zealand Government, Politics, release, Revenue, Steven Joyce  /  Comments Off on Major overhaul for IRD social policy payments

MIL OSI – Source: New Zealand Government – Release/Statement Headline: Major overhaul for IRD social policy payments The Government is planning major changes to how IRD pays social support so that people can know better what their entitlements are and be sure of receiving the right amount, Finance Minister Steven Joyce and Revenue Minister Judith […]

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Tax Outturn Data May 2017 —

By   /  July 6, 2017  /  24/7 News, AcademicsResearchers, Business, Economy, New Zealand Treasury, Public Sector, Revenue, tax  /  Comments Off on Tax Outturn Data May 2017 —

MIL OSI – Source: New Zealand Treasury – Release/Statement Headline: Tax Outturn Data May 2017 — Page updated 6 Jul 2017 Total unconsolidated tax revenue for the eleven months ended May 2017 was $997 million (1.3%) above the 2017 Budget Economic and Fiscal Update (2017 BEFU) forecast and $5.6 billion (7.9%) greater than last year. […]

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New Zealand-Hong Kong tax treaty updated

By   /  June 28, 2017  /  24/7 News, Judith Collins, National-led Government - 2014-2017, New Zealand Government, Politics, release, Revenue  /  Comments Off on New Zealand-Hong Kong tax treaty updated

MIL OSI – Source: New Zealand Government – Release/Statement Headline: New Zealand-Hong Kong tax treaty updated Revenue Minister Judith Collins has today signed a new tax protocol between New Zealand and Hong Kong.  The protocol updates the existing double tax agreement between New Zealand and Hong Kong, to allow full exchange of information on tax […]

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Better protection for creditors from tax debtors

By   /  June 22, 2017  /  24/7 News, Judith Collins, National-led Government - 2014-2017, New Zealand Government, Politics, release, Revenue  /  Comments Off on Better protection for creditors from tax debtors

MIL OSI – Source: New Zealand Government – Release/Statement Headline: Better protection for creditors from tax debtors Creditors are poised to receive greater protection from businesses owing debts of more than $150,000 as the Government has now set a threshold for reportable tax debt, Revenue Minister Judith Collins says. Changes to the law earlier this […]

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New proposals to simplify personal income tax

By   /  June 19, 2017  /  24/7 News, Finance, Judith Collins, National-led Government - 2014-2017, New Zealand Government, Politics, release, Revenue, Steven Joyce  /  Comments Off on New proposals to simplify personal income tax

MIL OSI – Source: New Zealand Government – Release/Statement Headline: New proposals to simplify personal income tax The Government is proposing to make tax simpler for individuals, with people whose only income is from a salary, wages or investments no longer being required to file tax returns to receive tax refunds or to calculate any […]

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New Zealand signs OECD Multilateral Instrument

By   /  June 8, 2017  /  24/7 News, Judith Collins, National-led Government - 2014-2017, New Zealand Government, Politics, release, Revenue  /  Comments Off on New Zealand signs OECD Multilateral Instrument

MIL OSI – Source: New Zealand Government – Release/Statement Headline: New Zealand signs OECD Multilateral Instrument New Zealand signs OECD Multilateral Instrument A new treaty signed in Paris this week is a significant step forward in the fight against base erosion and profit shifting (BEPS), says Revenue Minister Judith Collins. “Many BEPS techniques involve tax […]

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US to share more tax information about multinationals with New Zealand

By   /  June 7, 2017  /  24/7 News, Judith Collins, National-led Government - 2014-2017, New Zealand Government, Politics, release, Revenue  /  Comments Off on US to share more tax information about multinationals with New Zealand

MIL OSI – Source: New Zealand Government – Release/Statement Headline: US to share more tax information about multinationals with New Zealand Inland Revenue will receive more information about US multinationals operating in New Zealand following the signing of a new bilateral arrangement with the US Internal Revenue Service to share country-by-country reports. Revenue Minister Judith […]

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Tax Outturn Data April 2017 —

By   /  June 6, 2017  /  24/7 News, AcademicsResearchers, Business, Economy, New Zealand Treasury, Public Sector, Revenue, tax  /  Comments Off on Tax Outturn Data April 2017 —

MIL OSI – Source: New Zealand Treasury – Release/Statement Headline: Tax Outturn Data April 2017 — Page updated 6 Jun 2017 Total unconsolidated tax revenue for the ten months ended April 2017 was $1.1 billion (1.6%) above the 2017 Budget Economic and Fiscal Update (2017 BEFU) forecast and $5.7 billion (9.1%) greater than last year. […]

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Minister to attend OECD signing ceremony

By   /  June 4, 2017  /  24/7 News, Judith Collins, National-led Government - 2014-2017, New Zealand Government, Politics, release, Revenue  /  Comments Off on Minister to attend OECD signing ceremony

MIL OSI – Source: New Zealand Government – Release/Statement Headline: Minister to attend OECD signing ceremony Revenue Minister Judith Collins will travel to Europe today to represent New Zealand at a signing ceremony signifying New Zealand’s commitment to the OECD effort against base erosion and profit shifting. “I’m honoured to represent New Zealand at the […]

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Automatic exchange of financial information to begin in New Zealand

By   /  June 1, 2017  /  24/7 News, Judith Collins, National-led Government - 2014-2017, New Zealand Government, Politics, release, Revenue  /  Comments Off on Automatic exchange of financial information to begin in New Zealand

MIL OSI – Source: New Zealand Government – Release/Statement Headline: Automatic exchange of financial information to begin in New Zealand Revenue Minister Judith Collins has today welcomed the start of Inland Revenue’s information campaign on the Automatic Exchange of Information (AEOI) which is part of the OECD-led effort to combat tax evasion. From 1 July […]

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Issues paper on taxation of employee share schemes for start-ups

By   /  May 30, 2017  /  24/7 News, Judith Collins, National-led Government - 2014-2017, New Zealand Government, Politics, release, Revenue  /  Comments Off on Issues paper on taxation of employee share schemes for start-ups

MIL OSI – Source: New Zealand Government – Release/Statement Headline: Issues paper on taxation of employee share schemes for start-ups Revenue Minister Judith Collins has today welcomed the release of an officials’ issues paper on the taxation of employee share schemes for start-up companies. “Employee share schemes are an important remuneration tool for start-ups as […]

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Budget 2017 addresses black hole expenditure

By   /  May 25, 2017  /  24/7 News, Budget 2017, Judith Collins, National-led Government - 2014-2017, New Zealand Government, Politics, release, Revenue  /  Comments Off on Budget 2017 addresses black hole expenditure

MIL OSI – Source: New Zealand Government – Release/Statement Headline: Budget 2017 addresses black hole expenditure Many business expenses currently written off as black hole expenditure would become tax deductible under proposals released as part of Budget 2017, Revenue Minister Judith Collins says. “Some costs of investigating the viability of a new proposal or project […]

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R&D loss tax credits proving popular

By   /  May 10, 2017  /  24/7 News, Judith Collins, National-led Government - 2014-2017, New Zealand Government, Politics, release, Revenue  /  Comments Off on R&D loss tax credits proving popular

MIL OSI – Source: New Zealand Government – Release/Statement Headline: R&D loss tax credits proving popular More than $10 million in research and development loss tax credits have already been paid out after the first year of a scheme designed to help start-up companies access some of their tax losses sooner, Revenue Minister Judith Collins […]

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Latest

Tax Outturn Data March 2017 —

By   /  May 10, 2017  /  24/7 News, AcademicsResearchers, Business, Economy, New Zealand Treasury, Public Sector, Revenue, tax  /  Comments Off on Tax Outturn Data March 2017 —

MIL OSI – Source: New Zealand Treasury – Release/Statement Headline: Tax Outturn Data March 2017 — Page updated 10 May 2017 Total unconsolidated tax revenue for the nine months ended March 2017 was $599 million (1.0%) above the 2016 Half Year Economic and Fiscal Update (2016 HYEFU) forecast and $4.4 billion (7.8%) greater than last […]

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Tax measures in response to flooding

By   /  April 19, 2017  /  24/7 News, Anne Tolley, Judith Collins, National-led Government - 2014-2017, New Zealand Government, Politics, release, Revenue, Social Development  /  Comments Off on Tax measures in response to flooding

MIL OSI – Source: New Zealand Government – Release/Statement Headline: Tax measures in response to flooding Inland Revenue will waive use of money interest on late tax payments when flooding has prevented people from paying on time, say Lead Minister for Edgecumbe Anne Tolley and Revenue Minister Judith Collins. “In the aftermath of the Edgecumbe […]

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Tax Outturn Data February 2017 —

By   /  April 6, 2017  /  24/7 News, AcademicsResearchers, Business, Economy, New Zealand Treasury, Public Sector, Revenue, tax  /  Comments Off on Tax Outturn Data February 2017 —

MIL OSI – Source: New Zealand Treasury – Release/Statement Headline: Tax Outturn Data February 2017 — Page updated 6 Apr 2017 Total unconsolidated tax revenue for the eight months ended February 2017 was $625 million (1.2%) above the 2016 Half Year Economic and Fiscal Update (2016 HYEFU) forecast and $4.4 billion (9.0%) greater than last […]

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More student loan defaulters paying up

By   /  March 30, 2017  /  24/7 News, Judith Collins, National-led Government - 2014-2017, New Zealand Government, Paul Goldsmith, Politics, release, Revenue, Tertiary Education, Skills and Employment  /  Comments Off on More student loan defaulters paying up

MIL OSI – Source: New Zealand Government – Release/Statement Headline: More student loan defaulters paying up Revenue Minister Judith Collins and Tertiary Education, Skills and Employment Minister Paul Goldsmith say they are encouraged to see a marked increase in overseas student loan defaulters contacting Inland Revenue and taking steps to pay off their loans. Since […]

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New foreign trust webpage

By   /  March 29, 2017  /  24/7 News, Judith Collins, National-led Government - 2014-2017, New Zealand Government, Politics, release, Revenue  /  Comments Off on New foreign trust webpage

MIL OSI – Source: New Zealand Government – Release/Statement Headline: New foreign trust webpage Revenue Minister Judith Collins today welcomed Inland Revenue’s new webpage to help trustees of foreign trusts comply with the new disclosure rules. “Foreign trusts now have to provide significantly more information than in the past. The webpage has all the information […]

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Bill to improve and strengthen tax rules passes

By   /  March 23, 2017  /  24/7 News, Judith Collins, National-led Government - 2014-2017, New Zealand Government, Politics, release, Revenue  /  Comments Off on Bill to improve and strengthen tax rules passes

MIL OSI – Source: New Zealand Government – Release/Statement Headline: Bill to improve and strengthen tax rules passes A Bill  to improve and strengthen the tax rules passed its third reading today, Revenue Minister Judith Collins says. “Building a more competitive and productive economy for New Zealanders is a priority for this Government. “Making sure […]

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Renewables continue upwards, greenhouse gases fall 35 per cent

By   /  March 23, 2017  /  24/7 News, Judith Collins, National-led Government - 2014-2017, New Zealand Government, Politics, release, Revenue  /  Comments Off on Renewables continue upwards, greenhouse gases fall 35 per cent

MIL OSI – Source: New Zealand Government – Release/Statement Headline: Renewables continue upwards, greenhouse gases fall 35 per cent The amount of electricity generated from renewables in New Zealand grew to 88 per cent in the three months to December 2016, building on increases seen in previous quarters, Energy and Resources Minister Judith Collins says. […]

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