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Income thresholds for student loan repayments and interest write-offs will rise from next April, Revenue Minister Michael Cullen and Associate Education (Tertiary Education) Minister Steve Maharey announced today.

Govt moves on taxpayer financial relief, loopholes, compliance costs

Revenue Minister Michael Cullen will apply to National and Act the rules they are applying to Police Minister George Hawkins and will in future return to them any letters they send his office on taxpayer specific matters.

A possible loophole in the law that may allow unit trust managers to take advantage of excess imputation credits to achieve an unintended windfall gain at a potential cost to the revenue of $30 million is to be closed.

Tax review a resource for all parties – Cullen

The government is working with the charitable sector on a reform package the net effect of which should be to generate greater donations to charities, Revenue Minister Michael Cullen announced today.

The deadline for submissions on proposed changes to Maori authority tax laws is being extended by three weeks, to 9 November, Revenue Minister Michael Cullen and Maori Affairs Minister Parekura Horomia announced today.

Revenue Minister Michael Cullen today welcomed the publication of an "exposure draft" of income tax law that has been rewritten to make it easier to use.

FBT interest rate for cheap, job-related loans drops

People who get into difficulty with their taxes are likely to benefit from proposals in a Government discussion document released today.

Tax law on Maori organisations to be revamped

Hundreds of thousands of taxpayers stand to benefit from a government decision to remove the deadline on applications for rebates on charitable donations and on payments for housekeeping and childcare.

The deadline for submissions on the Tax and Charities discussion document has been extended by one month, from 31 July to 31 August.

Paper opens 'first principles' debate on tax - Cullen

The Inland Revenue Department has been given new funding of $13.1 million a year to improve its enforcement capability and to help it recruit and retain staff.

Scare-mongering disappointing - Cullen

Govt confirms gst treatment of non-residents

The Government will introduce legislation to remove uncertainty about overpaid tax that is transferred from one year to the next, Revenue Minister Michael Cullen announced today.

The government has released a discussion document aimed at simplifying the tax system and helping reduce stress on small business.

"Legislation introduced into the House today will allow an immediate tax deduction for all research and development spending expensed under generally accepted accounting practice," Revenue Minister Michael Cullen said.

"All research and development spending expensed under generally accepted accounting practice will qualify for an immediate tax deduction from 1 April, this year," Revenue Minister Michael Cullen announced today.

A $550,000 settlement has been reached between the Inland Revenue Department and Jan and Murray Willis over their long running dispute with IRD.