The Government has launched public consultation on proposals to reform the GST rules for joint ventures. The proposals in the discussion document are largely aimed at ensuring the GST rules are fit for purpose for joint venture arrangements and minimise compliance costs.

Inland Revenue has completed a post-implementation review of the increased disclosure requirements that were introduced in December 2020 for trustees for the 2021–22 and later income years.

Inland Revenue has launched public consultation on proposals to review the fringe benefit tax regime. The proposals in the issues paper are largely aimed at simplification of the rules and a reduction in compliance costs over the current rules. A major focus is on how the rules apply to motor vehicles provided by an employer.

Inland Revenue has published a fact sheet that provides more information on how the Government’s proposed changes to the foreign investment fund rules will work. When the proposals are included in a taxation Bill, more information will be published on this website.

The Taxation (Annual Rates for 2024-25, Emergency Response, and Remedial Matters) Bill, introduced on 26 August 2024, was reported back to Parliament on 27 February 2025.