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Tax policy news

Tax Bill containing Budget measures introduced
18 May 2023

The Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Bill has been introduced into the House. The Bill contains the following measures:

  • the annual rates of income tax for the 2023–24 tax year (unchanged)
  • implementing the OECD Global Anti-Base Erosion rules
  • raising the trustee tax rate from 33% to 39%
  • amending the tax treatment of backdated lump sum ACC and MSD payments
  • making a three percent KiwiSaver Government contribution to recipients of Paid Parental Leave who make their own contribution of at least 3%.
  • tax relief measures for flood-hit businesses in the North Island.

For more information see:

Taxation Principles Reporting Bill introduced
18 May 2023

The Minister of Revenue has introduced a Bill containing a set of tax principles.  

The Bill also requires Inland Revenue to report actual outcomes of the tax system in relation to these tax principles.

For more information see:

Budget 2023 announced
18 May 2023

The Government has today announced its Budget for 2023, which included three Revenue measures:

  • Raising the trustee tax rate from 33% to 39% to align it with the top personal income tax rate for the 2024-25 and later income years from 1 April 2024 for most trusts.
  • From 1 July 2024, Government will make a three percent KiwiSaver contribution to recipients of Paid Parental Leave who make their own contribution of at least 3%.
  • The Budget also reflects an increase in revenue from imposing a tax on some large multinational enterprises operating in New Zealand.

These measures will be included in an upcoming taxation Bill.

For more information, see:

For full details of all Budget announcements, see the Treasury website.

Tax Bill receives assent
31 March 2023

The Taxation (Annual Rates for 2022—23, Platform Economy, and Remedial Matters) Bill (No 2) has today received Royal assent.

The new legislation contains measures relating to:

  • the platform economy
  • new GST apportionment rules
  • FBT exemptions for certain forms of employer-subsidised commuting options
  • the tax treatment of cross-border workers
  • flood relief measures, and
  • excludes “build-to-rent” assets from the interest limitation rules.

Inland Revenue will publish guidance material on the new legislation shortly.

Child support pass on Bill introduced
28 March 2023

Social Development and Employment Minister, Carmel Sepuloni has introduced the Child Support (Pass On) Acts Amendment Bill.

The Bill proposes that child support collected by Inland Revenue will be passed on to sole parents receiving a main benefit for the month of July 2023 onward. This will be treated as income for benefits and other assistance.

For more information, see the ministerial press release, the Bill commentary, and other supporting material.

More News

The Government's property announcements

See the summary page for details about the Government's changes to the taxation of residential investment property (last updated on 31 March 2022).

The new legislation was enacted on 30 March 2022.


16 September 2022 – Proactive release of papers relating to the Government's GST on management services supplied to managed funds

08 September 2022 – Tax Bill introduced

19 May 2022 – Budget announced

5 May 2022 – OECD Pillar 2 consultation

Information releases

View the latest information releases available (includes Cabinet papers, minutes, and key supporting papers for tax policy related decisions).

Tax Working Group (2017–2019)

For the terms of reference, news, reports, and other information see the Tax Working Group website. (This site is now archived.)