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Taxation (Annual Rates for 2025–26, Compliance Simplification, and Remedial Measures) Bill
Bills are proposals to make a new law or to change an existing one. Only Parliament can pass a bill. Each bill goes through several stages, giving MPs and the public the chance to have their say.
This is an omnibus bill that sets the annual rates of income tax for the 2025–26 tax year and contains proposals aimed at improving current settings within a broad-base, low-rate framework and improving settings for tax administration, GST, KiwiSaver, and social policy rules.MP in charge
Hon Simon WattsCommittee
Finance and Expenditure
Bill No.199-3
54Parliament
Progress of the Bill
Details
Assented on 29 Mar 2026
Act: Taxation (Annual Rates for 2025–26, Compliance Simplification, and Remedial Measures) Act 2026
Royal Assent
The Governor-General formally signs the bill into law.
Bill () [ MB]
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Member(s) in charge: Hon Simon Watts Type of Bill: Government Parliament: 54 Bill no: 199-3 Introduction: 25 Aug 2025 First reading agreed: 10 Sep 2025 Referred to: Finance and Expenditure Submissions due: 22 Oct 2025 Select Committee Report(s): Taxation (Annual Rates for 2025–26, Compliance Simplification, and Remedial Measures) Bill - 08 Mar 2026 Second reading agreed: 24 Mar 2026 Committee of the whole House concluded: 25 Mar 2026 Third reading agreed: 26 Mar 2026 Royal assent: 29 Mar 2026 Act: Taxation (Annual Rates for 2025–26, Compliance Simplification, and Remedial Measures) Act 2026