New Zealand Law Society - One tax bill reinstated; another removed

One tax bill reinstated; another removed

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The Department of Inland Revenue says Parliament reinstated the Taxation (Annual Rates for 2017-18, Employment and Investment Income, and Remedial Matters) Bill on 8 November 2017.

The Finance and Expenditure Committee will continue its consideration of the bill.

The bill was introduced on 6 April 2017 and contains measures relating to collecting employment and investment income information, reforms to the taxation of employee share schemes and sets the annual tax rates for 2017/18.

The Income-Sharing Tax Credit Bill, which was introduced in August 2010, has not been reinstated.

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