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Revenue

Associated Ministers

17 April, 2014

Tax conference to address simplification

Revenue Minister Todd McClay has announced that simplification and modernisation will be the focus of the tax conference to be held in conjunction with Victoria University, on 12 and 13 June.

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16 April, 2014

Overseas student loans collection hits $100m

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.

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15 April, 2014

McClay opens Business to Government Workshop

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.

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11 April, 2014

Government clamping down on tax dodgers

Speaking at the OECD Cash and Hidden Economy Conference today, Revenue Minister Todd McClay reiterated the Government’s commitment to clamping down on tax evasion and avoidance.

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9 April, 2014

Deloitte report a vote of confidence in New Zealand’s tax system

Revenue Minister Todd McClay has described Deloitte’s 2014 Asia Pacific Tax Complexity Survey Report as ‘a vote of confidence in New Zealand’s tax system’.

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1 April, 2014

IRD and New Zealand ICT industry working together

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.

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27 March, 2014

IRD peak season survival guide

Revenue Minister Todd McClay is encouraging people to use Inland Revenue’s online services as the department enters its peak season.

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26 March, 2014

IRD’s Voice ID cracks 1 million customers

Revenue Minister Todd McClay is thrilled with the success of IRD’s Voice ID service after it cracked 1 million customers today, saving taxpayers a staggering 8,500 hours of phone time each year.

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14 March, 2014

Address to IFA annual conference

Thank you for inviting me to be here today — the most prestigious tax policy conference in New Zealand.

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13 March, 2014

Changes to financial reporting requirements

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.

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11 March, 2014

Improved online services for businesses

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.

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7 March, 2014

Address to the Accountants and Tax Agents Institute of New Zealand (ATAINZ) annual conference

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.

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6 March, 2014

Tougher rules for overseas-based borrowers

The Student Loan Scheme Amendment Bill (No. 3), introduced in August 2013, passed its final stages in Parliament today.

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6 March, 2014

App4IR Challenge exciting for New Zealand ICT

Revenue Minister Todd McClay has described Inland Revenue’s App4IR Challenge as “an exciting opportunity for the New Zealand ICT market” during the competition’s launch at Creative HQ today.

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28 February, 2014

Convention on tax assistance coming into force

The multilateral Convention on Mutual Administrative Assistance in Tax Matters will become effective for New Zealand from tomorrow, Revenue Minister Todd McClay says.

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21 February, 2014

Email scams require vigilance

Revenue Minister Todd McClay today issued a warning to New Zealanders to be wary of email scams promising tax refunds.

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20 February, 2014

New tax legislation delivers clarity and fairness

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.

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18 February, 2014

Bill to provide flexibility over foreign super

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.

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13 February, 2014

Student loan bill passes second reading

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.

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10 February, 2014

Tax agreement with PNG now in force

A new double tax agreement between New Zealand and Papua New Guinea is now in force, Revenue Minister Todd McClay announced today.

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3 February, 2014

NZ Officials participate in OECD BEPS discussions

Revenue Minister Todd McClay has confirmed that senior IRD officials are to participate in OECD discussions on base erosion and profit shifting (BEPS) in Paris this week.

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17 December, 2013

Government to give more time for child support reforms

Revenue Minister Todd McClay has said that more time will be given to prepare for the introduction of reforms to the child support scheme.

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12 December, 2013

Local Company wins Government electronic tender service contract at Inland Revenue

Revenue Minister Todd McClay announced today that New Zealand Company Assurity Consulting Limited has been awarded a contract worth up to $30 million as part of the Business Transformation process

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11 December, 2013

2.15 million people sign up as KiwiSaver continues to grow

Revenue Minister Todd McClay today released the sixth KiwiSaver evaluation annual report which showed continued steady growth for the retirement scheme in the 2012-13 year.

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11 December, 2013

Taxation Bill passes First Reading - Support for Christchurch, Police and Clergy

The Taxation (Annual Rates, Employee Allowances, and Remedial Matters) Bill has passed its First Reading.

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10 December, 2013

Labour’s David Clark needs IRD 101 refresher course

“Labour Revenue spokesman David Clark has issued possibly the worst press release in 50 years,” says Revenue Minister Todd McClay.

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22 November, 2013

New Zealand ratifies multilateral tax convention

“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.

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22 November, 2013

Tax Bill proposals provide further support for Canterbury rebuild

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.

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22 November, 2013

Tax Bill gives greater clarity to tax rules

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.

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22 November, 2013

Address to Deloitte National Tax Conference

Thank you for inviting me here today to talk about base erosion and profit shifting (or “BEPS” as it’s known as).

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