Tax Alert 

Modernising tax administration

As we briefly highlighted in the July 2018 Tax Alert the Government has introduced a new tax bill with some important changes to the way the tax rules are administered. The Taxation (Annual Rates for 2018-19, Modernising Tax Administration, and Remedial Matters) Bill (the Bill) proposes changes to the core aspects of the Tax Administration Act 1994 (the Act). These proposals have their origins in the discussion document issued in December 2016, Making Tax Simpler – Proposal for modernising the Tax Administration Act (the Discussion Document). You can read our July 2017 Tax Alert for more detail on the changes as originally proposed in the Discussion Document.

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Also in this issue

• Modernising tax administration 
• Statement on reimbursement of mileage costs finalised
• Inland Revenue released guidance on tax treatment of resource consents 
• Inland Revenue focusing on purchase price allocations 
• Is remuneration paid in cryptocurrency subject to PAYE and FBT? 
• Recent developments