7 February 2013
On January 17, 2013, the US Treasury and Internal Revenue Service released the long awaited final Foreign Account Tax Compliance Act (FATCA) regulations.
18 November 2010
Finance Minister Bill English says he has no intention of increasing GST again. He was responding to a question in Parliament yesterday from Labour's finance spokesman, David Cunliffe, which referred to background papers from tax officials released last Friday by the savings working group, chaired by Kerry McDonald.
8 September 2010
Legislation in the Taxation (Annual Rates, Trans-Tasman Savings Portability, KiwiSaver, and Remedial Matters) Bill introduced in November 2009 received Royal assent on 7 September.
24 March 2010
You may be affected by these changes. The rates of tax you pay on interest earned from money in the bank and portfolio investment entity (PIE) investments are changing to align with the personal and company tax rate changes introduced in April 2009. These tax changes apply from 1 April 2010.
10 February 2010
Workplace Savings NZ has today submitted the following response to the Finance & Expenditure Select Committee on the Taxation (Annual Rates, TransTasman Savings Portability, KiwiSaver, and Remedial Matters) Bill. Click to read more.
9 February 2010
In his Statement at the opening of Parliament today, Prime Minister John Key said measures to reform the tax system would be introduced as part of the Budget in May. Any changes would be based on "equity and fairness". Mr Key has signalled changes to the way property is taxed, changes to personal income tax rates and says further work will be done on whether the rate of GST should be increased. He also said the Government had ruled out developing any proposals for a land tax, a general capital gains tax or a risk-free return method for taxing residential investment properties.
3 February 2010
The budget will be delivered on May 20 but New Zealanders may get a better idea about the Government's plans for the tax system next week, Finance Minister Bill English said yesterday.
20 January 2010
Property investors face higher taxes and company taxes could fall as the Government considers radical options for reform. A tax working group, led by Victoria University professor Bob Buckle, will today issue its 70-page report outlining options for change.
18 September 2009
The Taxation (International Taxation, Life Insurance, and Remedial Matters) Bill has passed its final stages in Parliament.
7 July 2009
The Government is proposing to introduce legislation to align resident withholding tax (RWT) rates on interest and portfolio investment entities (PIE) tax rates with recent changes to personal income tax rates and the 30% company tax rate, Revenue Minister Peter Dunne announced today.