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Inland Revenue

Tax Policy

PUBLISHED 5 April 2001

Bill proceeds to select committee

The Taxation (Annual Rates, Taxpayer Assessment and Miscellaneous Provisions) Bill received its first reading in Parliament today and was referred to the Finance and Expenditure Committee for consideration. The bill introduces taxpayer self-assessment and includes changes to tax law on R&D and general interest deductibility. It was introduced on 2 April. The select committee is expected to announce the closing date for submissions shortly.