Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Dunne welcomes move to reduce return complexity

Hon Peter Dunne
MP for Ohariu Belmont
Minister of Revenue
Associate Minister of Health

Media statement
For immediate release
Friday, 18 July 2008

Dunne welcomes move towards reducing tax return complexity

Revenue Minister Peter Dunne welcomed a consultation document released by Inland Revenue today containing proposals to modernise the company income tax return.

The proposals include rationalising various end-of-year tax forms into a single form, a more tailored reporting approach for companies, and a move to compulsory electronic filing of company income tax returns.

“All companies could benefit from a more tailored approach to income tax return compliance under the proposed changes,” said Mr Dunne.

“For small and medium-sized companies in particular, the proposals would significantly reduce the time and effort involved in meeting income tax return requirements.”

Mr Dunne said he supported proposals to make electronic filing of company income tax returns compulsory.

“Around 75 per cent of company income tax returns are already filed online, and Inland Revenue would like to make that figure 100 per cent by the proposed timeframe of the 2010-11.”

Mr Dunne urged businesses to get involved in the discussion.

“This is your chance to have a say on the proposed changes to the income tax return and the way it will be filed in the future.”

Submissions on the proposed changes must be received by 30 September 2008. The consultation document can be found at http://www.ird.govt.nz/public-consultation/ .


ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Back Again: Government Approves TPP11 Mandate

The Government has approved a negotiating mandate for Trans-Pacific Partnership 11 (TPP11), which will ensure New Zealand businesses remain competitive in overseas markets.

Trade Minister Todd McClay says New Zealand will be pushing for the minimal number of changes possible to the original TPP agreement, something that the remaining TPP11 countries have agreed on. More>>

ALSO:

.

 
 

Gordon Campbell: On Why Labour Isn’t Responsible For Barnaby Joyce

As a desperate Turnbull government tries to treat the Barnaby Joyce affair as a Pauline Hanson fever dream – blame it on the foreigners! We’re the victims of the dastardly New Zealand Labour Party! – our own government has chosen to further that narrative, and make itself an accomplice. More>>

ALSO:

Rail: Greens Back Tauranga – Hamilton – Auckland Service

The Green Party today announced that it will trial a passenger rail service between Auckland, Hamilton and Tauranga starting in 2019, when it is in government. More>>

ALSO:

Housing: Voluntary Rental Warrant Of Fitness For Wellington

Wellington City Council is partnering with the University of Otago, Wellington, to launch a voluntary Rental Warrant of Fitness for minimum housing standards in Wellington, Mayor Justin Lester has announced. More>>

ALSO:

Treaty: Agreement In Principle Signed With Moriori

“The Crown acknowledges Moriori was left virtually landless from 1870, hindering its cultural, social and economic development. The Crown also acknowledges its contribution to the myths that the people of Moriori were racially inferior and became extinct." More>>

ALSO:

Susan Devoy: Call For Inquiry Into State Abuse Reaches UN

Race Relations Commissioner Dame Susan Devoy is in Geneva and has asked a United Nations committee to urge the New Zealand government to initiate an inquiry into the physical and sexual abuse of children and disabled people held in state institutions. More>>

ALSO:

(Not National): Cross-Party Agreement On Pike River Re-Entry

The commitment was signed this afternoon by the leaders of Labour, United Future, The Maori Party, and the Green Party and, together with the earlier commitment by New Zealand First, means that there is now a Parliamentary majority behind the families’ fight for truth and justice. More>>

ALSO:

Earlier:

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election