On 26 May 2016, New Zealand's Finance Minister Bill English delivered the country's Budget 2016. The tax-related measures of the Budget are mainly limited to an SME-friendly tax package, which includes that:

• Provisional tax will be reformed, with a new pay-as-you-go option allowing small businesses to pay tax as they earn income from 1 April 2018;
• Use-of-money interest will be eliminated or re…