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Taxation (Annual Rates for 2023-24, Multinational Tax and Remedial Matters) Bill

Introduced on May 18 under urgency. The bill sets the tax rate for 23/24 and a number of other things. These include the introducing the OECD led Global Anti-Base Erosion (GloBE) rules in New Zealand and aligning the trustee tax rate with the 39% top personal tax rate from the 2024–25 income year. Opposed by National and Act and sent to the finance and expenditure committee.

 

Taxation (Annual Rates for 2023-24, Multinational Tax and Remedial Matters) Bill