The Revenue Minister has stated that New Zealanders who are undertaking overseas work for Partners Relief and Development NZ may now be eligible for an interest-free status on their student loans. In an effort to foster a greater sense of charitable work amongst New Zealanders, Peter Dunne, New Zealand Revenue Minister, announced on February 23rd that individuals who are working overseas for Partners Relief and Development NZ will now be eligible for an interest write-off on their student loans. The change is ... Read More

Changes were announced on November 24th to both the New Zealand minimum family tax credit and fringe benefit tax (FBT) on low-interest employment related loans. According to a statement by Peter Dunne, New Zealand Revenue Minister, low-income families who are eligible for minimum family tax credits, will see a small rise in their received amount on April 1st 2010. Explaining the change, Peter Dunne said "The minimum family tax credit provides a guaranteed minimum family income to families who are in work. ... Read More

The Government has released a discussion paper about proposed changes in GST processing in high-value asset transactions. With the aim of decreasing the government’s revenue loss in GST, Peter Dunne, New Zealand Revenue Minister, announced the release of “GST: Accounting for land and other high-value assets,” on November 5th. He explained the government's current GST revenue loss situation, saying "The proposal targets sellers and buyers in transactions involving high-value assets. In these transactions GST revenue can be lost by the government from ... Read More