Share with your friends

New Zealand: “Tax working group” interim report

New Zealand: “Tax working group” interim report

New Zealand’s “tax working group” released an interim report that includes discussions of two key issues:


Related content

  • The taxation of capital income
  • How the tax system can be used to achieve/encourage environmental and ecological outcomes

The report sets out detailed options for extending taxation to certain capital assets (but no recommendations) and a framework for deciding when to apply taxes to address negative environmental outcomes.

The tax working group does not recommend a reduction in the company tax rate. While base erosion and profit shifting (BEPS) is outside the scope of the report, the tax working group’s report recommends that the government be prepared to implement unilateral measures if further multilateral action on BEPS fails.

Final recommendations are due by February 2019 and comments are requested.


Read a September 2018 report [PDF 321 KB] prepared by the KPMG member firm in New Zealand

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Want to do business with KPMG?


loading image Request for proposal