Taxation (Annual Rates for 2020-21, Feasibility Expenditure, and Remedial Matters) 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 omnibus taxation bill sets the annual rates of income tax for the 2020-21 tax year, and has a number of proposals aimed at improving current tax settings within a broad-base, low-rate framework and modernising and improving settings for tax administration, the GST regime, KiwiSaver, and social policy rules administered by Inland Revenue.