OrbitaxBudget for 2010/11 – Taxation (Budget Measures) Bill receives Royal assent
|Approved Changes| New Zealand
On 27 May 2010, the Taxation (Budget Measures) Act 2010 received Royal assent. The Act was introduced into Parliament under urgency on 20 May 2010, and passed its final stages on 21 May 2010.
Details regarding income tax rate reductions are as follows:
Companies - 28% (currently 30%), effective from the 2011/12 income year. Dividends paid in the …
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