New Zealand

Details

  • Service: Tax
  • Type: Business and industry issue
  • Date: 20/06/2011

Tax

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Taxmail - Taxation Bill reported back from Select Committee 

Issue 1, 20 June 2011

 

The Finance and Expenditure Select Committee of Parliament ("FEC") today reported back on the Taxation (Tax Administration and Remedial Matters) Bill (the "Bill") recommending a number of changes.

 

The Bill, as introduced, contained the following amendments.

 

  • The repeal of gift duty.
  • Changes to Inland Revenue’s taxpayer secrecy requirements and information sharing powers.
  • Changes to the tax disputes process.
  • Changes to the tax pooling rules.

 

Paul Dunne

Partner - Tax

Auckland
+64 9 367 5991

pfdunne@kpmg.co.nz

 

John Cantin

Partner - Tax
Wellington
+64 4 816 4518

jfcantin@kpmg.co.nz

Taxmail - Comment on topical tax issues from KPMG NZ Tax. 

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