The Government is taking extra steps to bolster the tax rules on property transactions – including those by overseas buyers - and to help Inland Revenue enforce them, Finance Minister Bill English and Revenue Minister Todd McClay say.
Minister of Revenue, Todd McClay today welcomed the release of an officials’ issues paper that seeks feedback on suggestions for helping to ensure that non-resident investors pay an appropriate amount of tax.
Social Development Minister Anne Tolley and Revenue Minister Todd McClay say that taxpayers will soon be saving millions of dollars each year as a result of more efficient use of data from information sharing.
Revenue Minister Todd McClay has welcomed the release this week of an Inland Revenue officials’ issues paper that seeks feedback on options to simplify the way tax is collected from employees participating in employee share schemes.
Building and Housing Minister Dr Nick Smith and Revenue Minister Todd McClay today welcomed Parliament’s passage of the Taxation (KiwiSaver HomeStart and Remedial Matters) Bill, which will allow eligible KiwiSaver members to access more of their KiwiSaver funds to purchase their first home.
Following last year’s General Election I am pleased to have retained the Revenue portfolio. Actually rightly or wrongly, I asked to be able to retain it - and I look forward to working with you once again as Minister of Revenue.
Tertiary Education, Skills and Employment Minister Steven Joyce and Revenue Minister Todd McClay have welcomed the announcement of an arrangement that will see Australia and New Zealand share data to assist New Zealand to recoup unpaid student loans of defaulters in Australia.
Bodies corporate will no longer be required to register for GST following the introduction today of the Taxation (Annual Rates for 2015–16, Research and Development, and Remedial Matters) Bill, Revenue Minister Todd McClay says.
Revenue Minister Todd McClay today welcomed Inland Revenue’s decision to exercise its income equalisation discretion to help provide relief for drought-affected farmers in the eastern South Island. Mr McClay’s comment follows the declaration of a medium-scale adverse event by Primary Industries Minister Nathan Guy this afternoon.
Building and Housing Minister Dr Nick Smith and Revenue Minister Todd McClay today welcomed the next important step in the Government’s HomeStart package for first home buyers with the first reading of the Taxation (KiwiSaver HomeStart and Remedial Matters) Bill.