New Zealand

Details

  • Service: Tax
  • Type: Business and industry issue
  • Date: 7/06/2012

Contact us

  John Cantin

John Cantin

Partner, Tax

+64 4 816 4518

 

Darshana Elwela

National Tax Director

+64 9 367 5940

Tax

Our tax advisory team has the skills and commitment to help you to be competitive and compliant in all areas of business tax.

Taxmail - Tax Bill reported back from Select Committee 

Issue 1, June 2012

 

The Taxation (Annual Rates, Returns Filing and Remedial Matters) Bill (the “Bill”), introduced in September 2011, has been reported back from the Finance and Expenditure Select Committee (the “FEC”). Overall, the FEC has recommended a number of useful clarification and amendments to the Bill as introduced.

Perhaps the most telling comment is the FEC’s concern about the pressure on IRD’s ageing computer systems, with a number of recommendations to defer initiatives to allow IRD to cope.

 

We are particularly concerned that this has potential to constrain future tax policy development and effective delivery of operational change. This, therefore, needs to be a priority focus for the Department.

 

If you have any questions on the above, please speak to your usual KPMG advisor, or contact John Cantin.

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