Amendment Paper No 559 to the Taxation (Annual Rates for 2025-26, Compliance Simplification, and Remedial Matters) Bill – Amendment Paper commentary

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 No 559

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