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Inland Revenue

Tax Policy

PUBLISHED 14 May 2018

Four special reports on new tax legislation now available

Four special reports providing early information on new legislation in the Taxation (Annual Rates for 2017–18, Employment and Investment Income, and Remedial Matters) Act enacted in March are now available.

The special reports cover the new rules for the:

- extension of the bright-line test to five years;

- provision of IRD numbers to Portfolio Investment Entities;

- PAYE reporting changes and changes to the payroll subsidy scheme; and

- employee share schemes.

Complete coverage of the new Act will be published in the June 2018 edition of the Tax Information Bulletin.