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<p>The Minister of Revenue introduced the <a href="https://www.parliament.nz/en/pb/bills-and-laws/bills-proposed-laws/document/BILL_125954/taxation-annual-rates-for-2022-23-platform-economy-and">Taxation (Annual Rates for 2022–23, Platform Economy, and Remedial Matters) Bill</a> into Parliament today.</p>
<p>The Bill contains a range of proposed improvements and maintenance measures to ensure the smooth functioning of the tax system, including proposals to:</p>
<ul>
<li>set the annual income tax rates for the 2022–23 tax year</li>
<li>implement the OECD’s information reporting and exchange framework for activities being facilitated by digital platforms in the sharing and gig economy</li>
<li>collect GST on accommodation and transportation services provided through electronic marketplaces</li>
<li>subject services supplied by managers and investment managers to managed funds and retirement schemes to 15% GST</li>
<li>reform the GST apportionment and adjustment rules</li>
<li>clarify the GST treatment of legislative charges</li>
<li>modernise and clarify the rules for employers and payers in relation to cross-border workers</li>
<li>ensure New Zealand companies affected by recent changes to Australia’s corporate residency tax rules have uninterrupted access to New Zealand’s loss grouping, consolidation and imputation credit regimes</li>
<li>address integrity issues with the application of the domestic dividend exemption and corporate migration rules to dual resident companies</li>
<li>introduce a fringe benefit tax exemption for public transport, and</li>
<li>introduce an exemption from the interest limitation rules for build-to-rent assets.</li>
</ul>
<p>For more information, see the Bill, the <a href="/sitecore/service/notfound.aspx?item=web%3a%7b99603D9C-3B04-4538-939C-3A841738B830%7d%40en">Bill commentary</a>, the departmental disclosure statement, and the <a href="/sitecore/service/notfound.aspx?item=web%3a%7b657966C7-89F3-4B27-AB90-D5B53EED44A8%7d%40en">regulatory impact assessments</a>.</p>
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