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<p>The Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Bill has been introduced into the House. The Bill contains the following measures:</p>
<ul>
<li>the annual rates of income tax for the 2023–24 tax year (unchanged)</li>
<li>implementing the OECD Global Anti-Base Erosion rules</li>
<li>raising the trustee tax rate from 33% to 39%</li>
<li>amending the tax treatment of backdated lump sum ACC and MSD payments</li>
<li>making a three percent KiwiSaver Government contribution to recipients of Paid Parental Leave who make their own contribution of at least 3%.</li>
<li>tax relief measures for flood-hit businesses in the North Island. <br />
<br />
</li>
</ul>
<p style="margin-left: 0cm;">For more information see:</p>
<p style="margin-left: 0cm;"> </p>
<ul>
<li style="margin-left: 0cm;">The <a href="https://www.beehive.govt.nz/release/tax-bill-improves-fairness-home-and-abroad" class="quick-links-external">Minister's press release</a></li>
<li style="margin-left: 0cm;"><a href="/publications/2023/2023-commentary-multinational-tax-bill">Bill commentary</a>, and </li>
<li style="margin-left: 0cm;">other <a href="/bills/53-multinational-tax-23">supporting information</a>.</li>
</ul>
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