The Taxation (Annual Rates, Trans-Tasman Savings Portability, KiwiSaver, and Remedial Matters) Bill was tabled in Parliament today. The bill introduces changes to the tax rules to allow New Zealanders returning home from Australia to bring their retirement savings with them. It also includes a number of technical changes to the rules surrounding KiwiSaver, gift duty exemptions and binding rulings to improve the way the rules work and reduce compliance costs for taxpayers.
For more information see the media statement, the Taxation (Annual Rates, Trans-Tasman Savings Portability, KiwiSaver, and Remedial Matters) Bill, the Commentary on the bill and the Regulatory Impact Statement at: