New Zealand has published the Taxation (Annual Rates for 2021–22, GST, and Remedial Matters) Act 2022, which received royal assent (was enacted) on 30 March 2022. As explained by Inland Revenue, the Act includes measures aimed at limiting the deductibility of interest incurred for residential property investments and measures updating the residential property bright-line test. The Act also contains a range of improvements and maintenance measures to ensure the smooth functioning of the tax s…