Cabinet paper LEG-20-SUB-0058: Taxation (Annual Rates for 2020–21, Feasibility Expenditure, and Remedial Matters) Bill: Approval for introduction

Information release for the approval to introduce the Taxation (Annual Rates for 2020–21, Feasibility Expenditure, and Remedial Matters) Bill.

The Bill was introduced to Parliament on 4 June 2020 and covers:

the tax deductibility of feasibility and innovation expenditure;
income tax treatment of leases subject to New Zealand International Financial Reporting Standard 16;
overseas donee status organisations;
GST and telecommunications services;
GST and credit notes;
purchase price allocation issues;
amendments to the tax rules for land;
tax issues associated with Mycoplasma bovis; and
the annual rates of income tax for the 2020–21 tax year (which remain unchanged).

Documents in this information release	IR2020/109 – Tax policy report: Cabinet paper – Taxation (Annual Rates for 2020–21, Feasibility Expenditure, and Remedial Matters) Bill: Approval for introduction (6 March 2020) IR2020/240 – Tax policy report: Revised Cabinet paper – Taxation (Annual Rates for 2020–21, Feasibility Expenditure, and Remedial Matters) Bill: Approval for introduction (6 May 2020) LEG-20-SUB-0058 – Cabinet paper: Taxation (Annual Rates for 2020–21, Feasibility Expenditure, and Remedial Matters) Bill: Approval for introduction (26 May 2020) LEG-20-MIN-0058 – Minute: Taxation (Annual Rates for 2020–21, Feasibility Expenditure, and Remedial Matters) Bill: Approval for introduction (26 May 2020)
Additional information	Two attachments to the Cabinet paper are not included in this information release as they are publicly available: Taxation (Annual Rates for 2020–21, Feasibility Expenditure, and Remedial Matters) Bill Departmental disclosure statement
Related information releases	Information releases for items in the Bill: Cabinet paper DEV-19-SUB-0255: Tax initiatives to support the Government's Economic Plan Cabinet paper DEV-19-SUB-0299: Income tax treatment of leases subject to International Financial Reporting Standards Cabinet paper CAB-19-SUB-0300: Overseas donee status – new additions for inclusion in the next available taxation bill Cabinet paper DEV-19-SUB-0315: GST amendments for inclusion in the next omnibus taxation bill Cabinet paper DEV-19-SUB-0336: Purchase price allocation - release of officials' issues paper Purchase price allocation decisions Cabinet paper DEV-19-SUB-0352: Amendments to the tax rules for land Cabinet paper DEV-20-SUB-0045: Mycoplasma bovis tax issue Information releases for items in Supplementary Order Paper No 510: Cabinet paper DEV-20-SUB-0083: Review of unclaimed money scheme – policy approval and release of Supplementary Order Paper Cabinet paper LEG-20-SUB-0065: Raising the automatic write-off threshold for qualifying individuals from $50 to $200

Documents in this information release

IR2020/109 – Tax policy report: Cabinet paper – Taxation (Annual Rates for 2020–21, Feasibility Expenditure, and Remedial Matters) Bill: Approval for introduction (6 March 2020)
IR2020/240 – Tax policy report: Revised Cabinet paper – Taxation (Annual Rates for 2020–21, Feasibility Expenditure, and Remedial Matters) Bill: Approval for introduction (6 May 2020)
LEG-20-SUB-0058 – Cabinet paper: Taxation (Annual Rates for 2020–21, Feasibility Expenditure, and Remedial Matters) Bill: Approval for introduction (26 May 2020)
LEG-20-MIN-0058 – Minute: Taxation (Annual Rates for 2020–21, Feasibility Expenditure, and Remedial Matters) Bill: Approval for introduction (26 May 2020)

Additional information

Two attachments to the Cabinet paper are not included in this information release as they are publicly available:

Related information releases

Information releases for items in the Bill:

Information releases for items in Supplementary Order Paper No 510:

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