Proposals include:
- Introducing a new thin capitalisation rule to better accommodate qualifying foreign investment in New Zealand infrastructure.
- Introducing a legislative discretion for the Commissioner of Inland Revenue to provide some relief from interest that applies to a student loan when a borrower is overseas based.
- Extending the time to use tax pooling to satisfy income tax debt for the 2022–23 and 2023–24 income years, subject to eligibility criteria.
- Allowing the New Zealand Superannuation Fund and related entities to pay income tax annually, aligning treatment with similar investment vehicles.
Amendment Paper Disclosure statement
Commentary to the Amendment Paper No 559
Regulatory Impact Statements relating to the Amendment Paper No 559