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Inland Revenue

Tax Policy

PUBLISHED 31 March 2023

Tax Bill receives assent

The Taxation (Annual Rates for 2022—23, Platform Economy, and Remedial Matters) Bill (No 2) has today received Royal assent.

The new legislation contains measures relating to:

  • the platform economy
  • new GST apportionment rules
  • FBT exemptions for certain forms of employer-subsidised commuting options
  • the tax treatment of cross-border workers
  • flood relief measures, and
  • excludes “build-to-rent” assets from the interest limitation rules.

Inland Revenue will publish guidance material on the new legislation shortly.