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Inland Revenue

Tax Policy

PUBLISHED 1 May 2012

International tax bill passes

The Taxation (International Investment and Remedial Matters) Bill introduced in October 2010 passed its final stages in Parliament today. The bill, which now awaits Royal assent, continues the reform of New Zealand’s international tax rules by allowing joint ventures and other significant New Zealand shareholdings in foreign companies that are not controlled by New Zealand firms an active income exemption.