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Supplementary Order Paper No. 248 to the Taxation (Annual Rates for 2019–20, GST Offshore Supplier Registration, and Remedial Matters) Bill was released today.
It includes a proposal that would require all buyers and sellers of property to provide their IRD number as part of the transaction process. Previously, those buying or selling a main home did not have to provide an IRD number.
For more information see the Minister of Revenue’s media statement, Supplementary Order Paper No. 248, revised disclosure statement, regulatory impact assessment, and associated policy report and Cabinet papers for the collection of IRD numbers and release of the SOP.
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