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Viewing entries tagged with 'Tax'

Govt rules out further increase in GST

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.

Legislation in the November 09 tax bill enacted

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.

Budget tax measures legislation enacted

28 May 2010

The legislation passed its final stages in Parliament on 21 May and received Royal assent on 27 May. For more information see the resulting Act published here.

Views sought on taxation of foreign funds in PIEs

14 April 2010

A tax policy issues paper released today seeks feedback on suggested changes to remove an anomaly that results in overseas investors being over-taxed when investing in New Zealand portfolio entities.  Submissions close on 4 June 2010.

Changes to tax on interest and PIE investments

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.

Workplace Savings NZ Submission on the Taxation Bill

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.

PM signals tax reform changes

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.

Overhaul of tax system possible - English

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. 

Tax reform set to be radical but 'fairer'

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.

The 2008 Tax Bill

18 September 2009

The Taxation (International Taxation, Life Insurance, and Remedial Matters) Bill has passed its final stages in Parliament.