Archive for the 'Legislation' Category

Kiwisaver Act

Thursday, September 14th, 2006

The KiwiSaver Act 2006, which received Royal assent last week, is now available here in PDF format

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Posted in Kiwisaver, Legislation, Tax General | No Comments »

John Key: Capital Gains Tax On Shares Unfair

Tuesday, April 11th, 2006

John Key has been quick to the trigger in aiming up Cullens proposals for investments.

“It’s madness that the 29,000 New Zealanders who have shares in Guinness Peat Group, for example, will now be hit with collateral damage by Michael Cullen’s latest tax grab.

“Because GPG is domiciled in the UK, its New Zealand shareholders will be hit by this new 5 per cent capital gains tax even though GPG is listed on the New Zealand sharemarket.

“What message does this send to New Zealanders seeking to invest and diversify their savings? Why is the Labour Government going out to penalise them?�

Further analysis to follow.

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Posted in Legislation, New International Regime, Tax Policy | No Comments »

Bill receives Royal assent

Tuesday, April 4th, 2006

The IRD announced that the Taxation (Depreciation, Payment Dates Alignment, FBT, and Miscellaneous Provisions) received Royal assent yesterday.

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Posted in Legislation | No Comments »