Legislation introduced in May in the Taxation (Annual Rates, Business Taxation, KiwiSaver, and Remedial Matters) Bill was enacted. It then passed through its final stages in Parliament on 12 December 2007.
The resulting acts are:
Taxation (Annual Rates of Income Tax 2007-08) Act
Taxation (Business Taxation and Remedial Matters) Act 2007
See related documents:
Special report - The new Kiwisaver legislation
Tax information bulletin - Vol 20 No 3