Racing Minister Nathan Guy and Revenue Minister Todd McClay have confirmed that Inland Revenue officials will work with the New Zealand Thoroughbred Breeders’ Association on a number of tax issues raised by the industry.
Revenue Minister Todd McClay has said that flood affected farmers in Northland will be offered assistance through Inland Revenue’s income equalisation discretion following the declaration of a medium scale adverse event by Primary Industries Minister Nathan Guy this morning.
Revenue Minister Todd McClay has signalled changes to tax pooling rules will mean that taxpayers can use tax pooling arrangements to pay any interest owed as a result of a tax dispute or an amended tax assessment.
Revenue Minister Todd McClay has announced that the deemed rate of return for taxing foreign investment fund (FIF) interests has been set at 7.99% for the 2013–14 income year, up from 6.91% for the previous income year.
Senior New Zealand tax officials are this week working with the OECD in Paris to prepare for delivery of the first parts of the OECD’s action plan to counter base erosion and profit shifting, says Revenue Minister Todd McClay.
Revenue Minister Todd McClay welcomed the passage of the Taxation (Annual Rates, Employee Allowances, and Remedial Matters) Bill through Parliament today, saying it would “help support business growth and innovation”.
Revenue Minister Todd McClay and United States Chargé d’Affaires a.i., Marie Damour, today signed an intergovernmental-agreement (IGA) which will minimise compliance costs to financial institutions in New Zealand while assist in the prevention of tax evasion.
The strength of the New Zealand tax system is its highly cooperative nature so it’s great to have such world leading speakers here with us. I'm sure tax policy and IRD's Business Transformation programme can only benefit from your expertise.
Minister of Revenue Todd McClay has announced his intention to clarify through legislation that bodies corporate will not be required to register for GST and file returns, thereby aligning them with the rules for other residential property owners.
Revenue Minister Todd McClay says that the Taxation (Annual Rates, Employee Allowances, and Remedial Matters) Bill, which passed its second reading today, is an example of the Government’s focus on coherence and fairness in the tax system.
The Government is extending the parental tax credit to help many lower- and middle-income families at a time when they most need it - the birth of a new baby, Social Development Minister Paula Bennett and Revenue Minister Todd McClay say.
Innovative Kiwi businesses investing in research and development (R&D) will benefit from two new tax measures as part of Budget 2014, Science and Innovation Minister Steven Joyce and Revenue Minister Todd McClay say.
Revenue and Associate Tourism Minister Todd McClay today leaves for Kazakhstan to attend the Asian Development Bank’s Annual Meeting, the OECD Ministerial Council meeting in Paris, and tourism meetings in London.
Inland Revenue’s Business Transformation has taken another step towards making tax compliance easier for New Zealanders and their businesses with the release of a Request for Proposal for a design provider, says Revenue Minister Todd McClay.