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  • Service: Tax, International Corporate Tax, International Executive Services, Global Compliance Management Services
  • Type: Regulatory update
  • Date: 5/24/2012

New Zealand - Summary of tax and other provisions in Budget 2012 

May 24:   New Zealand’s Finance Minister today delivered the Budget 2012. As expected, the Budget 2012 is not a “tax” budget (unlike previous ones, such as in 2010, which included significant changes to income tax rates and thresholds and the goods and services tax (GST)).

The government’s previous budgets focused on tax decisions favoring saving and investment over consumption. Those budgets took a long-term view of the impact and benefits to the New Zealand economy.


The message in Budget 2012 is that the current tax policy settings are broadly appropriate for the challenges ahead, and that changes to this policy are not expected. However, tax changes included in the Budget 2012 appear to be designed to address certain “revenue holes.”


To read a May 2012 report, prepared by the KPMG member firm in New Zealand, describing the tax provisions in the Budget 2012: Tax Implications of New Zealand Budget 2012


To read a May 2012 analysis of the Budget 2012: New Zealand Budget 2012




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