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.
6 October 2009
Legislation introduced in the Taxation (International Taxation, Life Insurance, and Remedial Matters) Bill has been enacted. The bill, introduced in July 2008, passed its final stages in Parliament last month and received Royal assent today.
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.
29 June 2009
The introduction of a new double tax agreement between Australia and New Zealand took a major step forward with the signing today of an agreement that, once in force, will replace the existing 1995 double tax agreement.
1 April 2009
Recent media reports have revealed confusion about how individual investors in overseas companies are taxed under the new fair dividend rate (FDR) rules that came into force in 2007, Revenue Minister Peter Dunne said today.
10 December 2008
Promised tax cuts are on the way as the Government pushes them through Parliament under urgency but Prime Minister John Key is under fire for being a Christmas grinch as KiwiSaver and workplace law changes bite.