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Technical tax area Ngā tūmomo whakataunga me ngā aratohu

Taxation (Business Tax Measures) Act 2009

The Taxation (Business Tax Measures) Bill was introduced into Parliament under urgency on 10 February 2009, passing through its final stages in Parliament on 26 March. The resulting Act received Royal assent on 30 March 2009.

The legislation introduces new tax rules aimed at improving the business environment for small and medium enterprises by easing the impact of taxes on their cash flows and reducing business tax compliance costs.

The new Act amends the Income Tax Act 2007, Tax Administration Act 1994 and Goods and Services Tax Act 1985.

Changes to help small and medium enterprises

2009 rules introduced to relieve small and medium enterprises during the economic downturn by helping cash flow and reducing time spent on tax obligations.