Public 2020 No 5
Issued
20 Apr 2020

Taxation (KiwiSaver, Student Loans, and Remedial Matters) Act 2020

The new legislation contains measures aimed at modernising and improving the settings for the administration of social policy by Inland Revenue as part of the Government’s programme of transforming the tax system. This includes measures to simplify and modernise the administration of the KiwiSaver and student loan schemes.

The other major aspect of the new Act is to extend the refundability of research and development tax credits, to support Government objectives relating to increasing business expenditure on research and development.

TIB Volume 32 No 4 May 2020

Taxation (KiwiSaver, Student Loans, and Remedial Matters) Act 2020