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 [...]

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 [...]

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

Peter Dunne has announced the publication of a paper seeking feedback on taxation of New Zealand’s bond market. In an effort to foster the growth of New Zealand’s domestic bond market, Peter Dunne, New Zealand Revenue Minister, has announced the publication of “AIL, NRWT and the bond market”. Primarily, the paper is concerned with the [...]

Peter Dunne has announced the publication of a paper seeking feedback on taxation of New Zealand's bond market. In an effort to foster the growth of New Zealand's domestic bond market, Peter Dunne, New Zealand Revenue Minister, has announced the publication of “AIL, NRWT and the bond market”. Primarily, the paper is concerned with the idea of lowering the Approved Issuer Levy on bonds to 0% when pre-determined circumstances are met. It is suggested by the paper that dispensing with AIL, which according ... Read More

Numerous changes to the Student Loans system have been approved by the Government. On the 18th of September it was announced by Peter Dunne, New Zealand Revenue Minister, that governmental allowances had been given to proposed changes to the student loan system. The changes were a product of consultation held in June. In a statement [...]

Numerous changes to the Student Loans system have been approved by the Government. On the 18th of September it was announced by Peter Dunne, New Zealand Revenue Minister, that governmental allowances had been given to proposed changes to the student loan system. The changes were a product of consultation held in June. In a statement , Peter Dunne said "As a result of hearing a wide range of views, the government has modified one of the main proposals that were presented for ... Read More