New Zealand proposes generic emergency response tax relief measures and other changes

04 September 2024|Tax Alerts, Legislation & Policy, National/Federal Taxation, Global|New Zealand

A new tax bill proposes a wide array of changes, including new standardized tax relief measures that can be switched on in times of emergency.
Other proposed changes include adoption of the crypto-asset reporting framework and rules affecting the transfer of overseas pension and superannuation funds to New Zealand.
The tax bill is expected to be enacted by 1 April 2025, although it is subject to change before enactment.

Executive summary

The New Zealand Government introduced new draft tax legi…

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