Over $100 million of additional taxpayer money has now been collected from overseas-based borrowers in an initiative that will help keep the scheme sustainable for future students and taxpayers, Tertiary Education, Skills and Employment Minister Steven Joyce and Revenue Minister Todd McClay say.
Revenue Minister Todd McClay has opened the Business to Government Collaboration Workshop in Wellington today, citing it as a great opportunity for Government and private enterprise to find new ways to improve and simplify digital services.
Revenue Minister Todd McClay has described consultation with New Zealand’s ICT industry as critical to the success of IRD’s Business Transformation programme, which will bring the tax system into the 21st Century.
Commerce Minister Craig Foss and Revenue Minister Todd McClay today announced that the Financial Reporting Act, which changes financial reporting obligations for most companies, comes into effect on1 April 2014.
Commerce Minister Craig Foss and Revenue Minister Todd McClay have announced the launch of an integrated Employer Registration service, making it easier for newly-formed companies to communicate with Government.
Since becoming Revenue Minister, one thing I have learned very quickly is that a tax system that comprises good tax policy supported by good administration is an essential part of a competitive and growing economy.
Revenue Minister Todd McClay today welcomed the passing of the Taxation (Annual Rates, Foreign Superannuation, and Remedial Matters) Bill which will contribute to a fairer and more accessible tax system.
Revenue Minister Todd McClay has introduced changes to the Taxation (Annual Rates, Foreign Superannuation, and Remedial Matters) Bill to provide greater choice to individuals who decide to transfer their foreign superannuation before 1 April 2014.
The Student Loan Scheme Amendment Bill (No 3), which changes repayment obligations for overseas-based borrowers and tougher measures for persistent non-payers, passed its second reading in Parliament today.
“It’s becoming ever harder to avoid or evade tax” Revenue Minister Todd McClay said today announcing that New Zealand has now taken the final procedural step for ratification of the multilateral Convention on Mutual Administrative Assistance in Tax Matters.
Measures to clarify the tax treatment of certain employee allowances and reimbursements included in a tax bill introduced to Parliament today will be welcome news for employers and employees involved in Canterbury earthquake recovery work, say Canterbury Earthquake Recovery Minister Gerry Brownlee and Revenue Minister Todd McClay.
An omnibus tax bill introduced today by Revenue Minister Todd McClay proposes changes to bring greater clarity to the tax rules and make them easier for businesses and other taxpayers to understand and comply with.