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Revenue

Associated Ministers

2 July, 2015

NZ-Canada double tax agreement now in force

Revenue Minister Todd McClay has welcomed a new double tax agreement between New Zealand and Canada, which is now in force.

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1 July, 2015

Changes give certainty to community housing sector

Tax provisions to ensure community housing providers can continue to offer housing support to New Zealanders will give the sector the certainty it needs to keep growing, Ministers Paula Bennett and Todd McClay say.

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30 June, 2015

Paving the way for a simpler tax system

A tax bill to be introduced today will help prepare the ground for simplification of the tax administration system, says Revenue Minister Todd McClay.

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29 June, 2015

Tax response to flooding announced

Revenue Minister Todd McClay says taxpayers affected by the flooding event in the lower North Island earlier this month will have help from Inland Revenue.

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29 June, 2015

Consultation begins on property bright-line test

Revenue Minister Todd McClay today welcomed the release of detailed design proposals for the new “bright-line” test, which will require income tax to be paid on gains from the sale of residential property bought and sold within two years.

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25 June, 2015

Bill to strengthen property tax rules passes first reading

A bill which will help Inland Revenue enforce the tax rules around property has passed its first reading in Parliament today.

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23 June, 2015

Bill to strengthen property tax rules introduced

Revenue Minister Todd McClay and Land Information Minister Louise Upston have welcomed the introduction of a new bill which will help Inland Revenue enforce the tax rules around property.

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10 June, 2015

1.4 million customers sign up for IRD voice ID

Revenue Minister Todd McClay says 15,000 hours of phone time are now being saved each year, with 1.4 million IRD customers signed up to voice ID.

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8 June, 2015

Business Transformation on Fast track

Revenue Minister Todd McClay today welcomed the announcement of Fast Enterprises as Inland Revenue’s preferred software partner to support a modernised, simplified tax system for New Zealand.

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4 June, 2015

McClay visits European capitals to talk Trade and sign tax agreement

Minister of Revenue and Associate Trade Minister, Todd McClay has concluded a European lobbying mission by signing a tax agreement in Paris to focus on tax avoidance by multinationals.

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22 May, 2015

Minister welcomes $74 million for tax compliance

Budget 2015 continues the Government’s investment in ensuring fairness in the tax system by pursuing those attempting to avoid paying tax, Revenue Minister Todd McClay says.

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21 May, 2015

Forgiving debt to encourage child support payments

Budget 2015 includes changes to tackle child support debt and to encourage parents to pay what they owe for children for whom they are responsible, Revenue Minister Todd McClay says.

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17 May, 2015

Budget 2015: Extra property tax measures

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.

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7 May, 2015

Multinational tax avoidance targeted

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.

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30 April, 2015

Huge benefits from information sharing

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.

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13 April, 2015

GST gets faster and easier with new mobile app

Revenue Minister Todd McClay says Inland Revenue’s new mobile app is simplifying GST filing for small businesses and, already, 7,270 people have downloaded it.

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1 April, 2015

Tax collection on employee share schemes examined

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.

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31 March, 2015

Address to Wellington Employers’ Chamber of Commerce on the launch of Inland Revenue’s Business Transformation

My thanks to the Wellington Employers’ Chamber of Commerce for providing this opportunity to talk to you.

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31 March, 2015

Tax modernisation programme launched

Revenue Minister Todd McClay today released the first two in a series of public consultations designed to modernise and simplify the tax system.

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30 March, 2015

NZ ICT sector thanked for work on IRD transformation

Revenue Minister Todd McClay has thanked the New Zealand ICT sector for their collaboration with Inland Revenue on the modernisation and simplification of New Zealand’s tax system.

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26 March, 2015

KiwiSaver HomeStart Bill passes

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.

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13 March, 2015

McClay to travel to Singapore and Australia

Revenue, SOE and Associate Trade and Foreign Affairs Minister, Todd McClay will travel to Singapore and Australia from16-21 March to help foster ties and grow New Zealand’s technology sector.

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13 March, 2015

Address to IFA Annual Conference, Queenstown

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.

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6 March, 2015

Opening Address to ATAINZ Tax Conference

Taxation is a necessary part of society as long as government is required to provide services such as health and education, police and defence, conservation and civil defence.

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28 February, 2015

Information-sharing on student loans welcomed

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.

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26 February, 2015

Pragmatic answer to GST for bodies corporate

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.

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24 February, 2015

Debt-remission consultation taxpayer friendly

Minister of Revenue Todd McClay has said that a consultation paper seeking public feedback on tax rules for related parties’ debt remission will lead to greater certainty and fairness for tax payers.

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12 February, 2015

Tax relief for drought-affected Southern farmers

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.

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20 January, 2015

IRD collects $4.1 billion of tax debt in 2013/14

Revenue Minister Todd McClay says Inland Revenue’s focus on collecting tax debt has paid big dividends, with $752 million more being collected in 2013/14 than in the previous year.

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18 December, 2014

Tax assistance agreement to begin next year

From next year a significant new measure for countering tax evasion will become available to Inland Revenue, says Revenue Minister Todd McClay.

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