Articles tagged with Tax
New Zealand Tax and Social Policy Work Programme Enhances Economic Growth and Investment
6 days ago | 94 viewsRevenue Minister Simon Watts has announced a refreshed Tax and Social Policy Work Programme aimed at boosting the economy by attracting capital, talent, and small business investment. The program focuses on removing regulatory barriers, delivering a stable tax environment, and encouraging critical investment in infrastructure. Key pillars include attracting capital and talent, supporting small businesses, simplifying the tax system, and improving integrity through targeted consultations and practical reforms.
Tags: Simon Watts Tax Social Policy Work Programme New Zealand Capital Talent Small Business Investment InfrastructureNew Zealand and Iceland Strengthen Cooperation on Working Holidays, Taxation, and Geothermal Energy
1 week ago | 101 viewsNew Zealand and Iceland are strengthening cooperation in areas such as working holidays, taxation, and geothermal energy, as announced by Foreign Minister Winston Peters during his visit to Iceland. Initiatives like a reciprocal Working Holiday Scheme aim to enhance collaboration between the two island nations, fostering opportunities for young people to engage, learn, and contribute internationally. The Double Tax Agreement and exploration of geothermal energy aim to bolster economic ties and address future energy needs, with Mr Peters highlighting the importance of learning from Iceland's expertise in this field during his broader visit to the Nordic region.
Tags: New Zealand Iceland Winston Peters Halla Tómasdóttir Erica Stanford Daði Már Kristófersson Jóhann Páll Jóhannsson Working Holiday Scheme Double Tax Agreement Geothermal EnergyNew Zealand Government Secures Guangzhou Shipyard for Two Ferry Builds
3 weeks ago | 100 viewsThe Government has selected Guangzhou Shipyard International to build two new ferries through Ferry Holdings Limited. Rail Minister Winston Peters highlighted GSI's expertise and capabilities as a leading shipbuilding enterprise in Southern China. Negotiations are ongoing, with details to be disclosed upon completion, including agreements with CentrePort Limited and Port Marlborough New Zealand Limited, aiming for completion in 2029 with cost-effective solutions to benefit New Zealand taxpayers.
Tags: Government Ferry Holdings Limited Guangzhou Shipyard International Rail Minister Winston Peters GSI New Zealand taxpayers ferry replacement programme CentrePort Limited Port Marlborough New Zealand Limited project iReXNew Zealand Boosts Local Businesses with Procurement Rule Changes
3 weeks ago | 164 viewsChanges to government procurement rules in New Zealand aim to give local businesses a better chance at winning contracts by introducing an economic benefit test, effective from 1 December. These new rules, resulting from feedback received during consultation, include simplifying processes, reducing the number of rules, and emphasizing the economic value and job creation for Kiwis. The changes are designed to make it easier for both local and international businesses to compete for government contracts while upholding international trade commitments and ensuring responsible use of taxpayer money.
Tags: New Zealand Government contracts Economic Growth Minister Nicola Willis procurement rules businesses economic benefit test Kiwi businesses taxpayer money international companiesGovernment’s Centralized Digital Investment Strategy to Save Billions and Enhance Public Services
1 month ago | 267 viewsThe Government announced a shift in digital investment and procurement in the public sector, aiming to save up to $3.9 billion in the next five years. The Government Chief Digital Officer (GCDO) will lead decision-making for digital investments, potentially saving 30% of the projected $13 billion technology spend. The goal is to transition to a citizen-focused, digital-first public service model, improving efficiency and providing better digital services while maintaining traditional service options.
Tags: Judith Collins Government Chief Digital Officer digital investment procurement public sector New Zealanders technology spend taxpayer money public servicesEnhanced FamilyBoost Program to Benefit Thousands of Households with Early Childhood Education Costs
1 month ago | 208 viewsStarting next month, tens of thousands of households will receive increased support for early childhood education through the expanded FamilyBoost scheme, as announced by Finance Minister Nicola Willis. The legislation for the expanded ECE support scheme has passed through Parliament, with Labour reversing its position to support the enhanced FamilyBoost. Changes include increasing the proportion of ECE fees families can claim from 25 to 40 percent, raising the household income limit for FamilyBoost, and making about 21,000 more households eligible for assistance.
Tags: Nicola Willis FamilyBoost ECE households Labour scheme entitlement Income Tax Act Inland RevenueNew Tax Bill Boosts New Zealand Economy and Supports Skilled Migration
2 months ago | 362 viewsRevenue Minister Simon Watts has introduced a new tax bill in New Zealand to boost the economy, attract skilled individuals, and encourage investment. The bill aims to make the tax system fairer for migrants, digital nomads, and businesses by addressing issues like overseas income taxation and employee share schemes. These changes are designed to simplify the tax system, reduce compliance costs, and create a more conducive environment for economic growth and job creation in New Zealand.
Tags: Simon Watts New Zealand tax bill economy skilled migrants digital nomads employee share schemes tax compliance costs GST practices solar powerWhanganui Airport Invests in Safety and Connectivity Boost
2 months ago | 347 viewsThe Government will invest $3.35 million in Whanganui Airport to build a new sealed parallel taxiway, enhancing safety and regional connectivity. This investment aims to address safety concerns by reducing the risk of collisions and aircraft congestion, making flying safer for pilots and passengers. The taxpayer-funded project, supported by local MP Carl Bates, will improve resilience, support economic growth, and benefit the region's aviation industry and community.
Tags: Whanganui Airport safety regional connectivity economic growth James Meager investment taxpayer funding Carl Bates aviation New Zealand International Commercial Pilot AcademyNew Zealand's Transition to Electronic Road User Charges for Fairer Road Funding
3 months ago | 971 viewsThe New Zealand Cabinet has approved legislative changes to transition 3.5 million light vehicles to electronic road user charges instead of petrol tax, marking a significant shift in road funding. The move aims to ensure all vehicles, regardless of fuel type, contribute fairly based on distance and weight, replacing the outdated petrol tax system. The transition will involve modernizing the current RUC system, allowing for digital records, multiple payment options, and fostering competition among RUC providers for a user-friendly and efficient road funding mechanism.
Tags: legislative changes New Zealand road user charges petrol tax Transport Minister Chris Bishop Fuel Excise Duty Road User Charges RUC vehicle fleet electronic road user chargingPublic Service Amendment Bill: Enhancing Efficiency and Accountability for Taxpayers
3 months ago | 751 viewsLegislation for public service overhaul emphasizing value for taxpayers has passed first reading, led by Public Service Minister Judith Collins. The Public Service Amendment Bill aims to enhance public service performance by clarifying its purpose and chief executives' responsibilities. The bill reinforces merit-based appointments, increases chief executives' accountability, and ensures a competitive selection process, maintaining political neutrality and professional standards for better taxpayer outcomes.
Tags: Legislation public service value for money taxpayers Judith Collins performance chief executives accountability political neutralityPrime Minister and Finance Minister Unveil Plans to Boost Economy, Jobs, and Income for Kiwis
3 months ago | 593 viewsThe Government, led by Prime Minister Christopher Luxon and Minister of Finance Nicola Willis, is prioritizing economic growth to create jobs, raise incomes, and assist New Zealanders with the cost of living. Initiatives such as scrapping surcharges, tax relief, and the introduction of FamilyBoost aim to alleviate financial burdens for families. By focusing on key areas like talent development, competitive business settings, global trade, innovation, and infrastructure, the Government aims to boost wages by growing the economy in the long term.
Tags: Government economy jobs Kiwis Prime Minister Christopher Luxon Minister of Finance Nicola Willis tax relief FamilyBoost inflationHealthy School Lunch Programme: Positive Feedback Soars, Complaints Plummet, Taxpayer Savings of $130 Million
4 months ago | 1087 viewsAssociate Education Minister David Seymour is pleased to see the Healthy School Lunch Programme Term 3 menu has received positive feedback from three quarters of students, and complaints have fallen by 92 per cent, while at the same time taxpayers are saving over $130 million. “The menu for Term 3 is being tested with students across the lower North Island. The result is 73 per cent positive feedback.
Tags: David Seymour Healthy School Lunch Programme Term 3 menu students taxpayers meals feedback schools Ministry savingsHealthy School Lunch Programme Term 3 Success: 73% Positive Feedback & $130M Taxpayer Savings
4 months ago | 1208 viewsAssociate Education Minister David Seymour is pleased to see the Healthy School Lunch Programme Term 3 menu has received positive feedback from three quarters of students, and complaints have fallen by 92 per cent, while at the same time taxpayers are saving over $130 million. “The menu for Term 3 is being tested with students across the lower North Island. The result is 73 per cent positive feedback.
Tags: David Seymour Healthy School Lunch Programme students taxpayers meals feedback schools menu Term 3 savings