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Inland Revenue

Tax Policy

PUBLISHED 27 November 2001

Latest tax law changes detailed

Legislation resulting from the Taxation (Annual Rates, Taxpayer Assessment and Miscellaneous Provisions) Bill is detailed here in an extract from the forthcoming Tax Information Bulletin. Main features of the new legislation, enacted in October, include changes relating to:

  • research and development expenditure
  • interest deductibility for companies
  • unit trusts
  • transfers of overpaid tax
  • taxpayer self-assessment
  • GST on certain services contracted for outside New Zealand.

See the November 2001 Tax Information Bulletin (PDF 429KB) on the new legislation.