28th March 2024 Government / Tax
Finance Minister Nicola Willis’ Budget Policy Statement confirmed the government’s focus on tax reductions, public sector savings, and priority public service priority areas including health, education and law and order.
Te Pāti Māori co-leader Rawiri Waititi’s members’ bill to remove GST from kai ran into opposition at its first reading yesterday.
The government has confirmed details of the tax changes to the bright-line test for cyclone-damaged properties, with the release of the required legislative amendments.
The government’s Research and Development Tax Incentive has supported more than $2bn of New Zealand business innovation – an increase of around $1bn in less than nine months.
The Brewers Association of New Zealand is calling on the Government to half the rate of excise tax paid on kegs.
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