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Taxation (Annual Rates for 2020-21, Feasibility Expenditure, and Remedial Matters) Bill

Introduced on June 4. The Bill sets the annual rates of income tax for the 2020–21 tax year. Other proposals include amendments to the income tax treatment of feasibility expenditure and land. It also aims to modernise tax administration, the goods and services tax regime, KiwiSaver and social policy rules administered by Inland Revenue. First reading June 24 opposed by National and ACT. Taxation (Annual Rates for 2020-21, Feasibility Expenditure, and Remedial Matters) Bill