Tax legislation enacted

Legislation introduced in May in the Taxation (Annual Rates, Business Taxation, KiwiSaver, and Remedial Matters) Bill has been enacted. It passed through it final stages in Parliament on 12 December and received Royal assent yesterday afternoon. The resulting acts are published here, courtesy of Legislation Direct:

• Taxation (Annual Rates of Income Tax 2007-08) Act
• Taxation (Business Taxation and Remedial Matters) Act 2007
• Taxation (KiwiSaver) Act 2007