ey-global-tax-policy-outlook-for-2015
ey-global-tax-policy-outlook-for-2015
ey-global-tax-policy-outlook-for-2015
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New Zealand<br />
Tax <strong>policy</strong><br />
Aaron Quintal<br />
aaron.quintal@nz.<strong>ey</strong>.com<br />
+64 9 300 7059<br />
1<br />
| Tax rates (2014–15)<br />
1.1 K<strong>ey</strong> <strong>tax</strong> rates<br />
Tax controversy<br />
Kirsty Keating<br />
kirsty.keating@nz.<strong>ey</strong>.com<br />
+64 9 300 7073<br />
Top corporate<br />
income <strong>tax</strong> (CIT) rate<br />
(national and local<br />
average, if applicable)<br />
Top individual income<br />
<strong>tax</strong> rate (national<br />
and local average,<br />
if applicable)<br />
2014 <strong>2015</strong> Percentage<br />
change<br />
28% 28% 1 —<br />
33% 33% 2 —<br />
Standard value-added<br />
<strong>tax</strong> (VAT) rate<br />
15% 15% 3 —<br />
Stay up to date with<br />
developments in<br />
New Zealand by accessing<br />
EY's <strong>global</strong> <strong>tax</strong> alert library<br />
at www.<strong>ey</strong>.com/<strong>tax</strong>alerts.<br />
EY k<strong>ey</strong> contacts<br />
2<br />
| 2014 <strong>tax</strong> <strong>policy</strong> <strong>outlook</strong><br />
2.1 K<strong>ey</strong> drivers of <strong>tax</strong> <strong>policy</strong> change<br />
• <br />
• Improving current <strong>tax</strong> settings within a broad-base, low-rate <strong>tax</strong> framework<br />
• <br />
• Modernizing <strong>tax</strong> administration by looking at all rules <strong>for</strong> when people pay <strong>tax</strong>,<br />
how th<strong>ey</strong> pay it and how <strong>tax</strong> en<strong>for</strong>cement is managed, as part of a multi-year<br />
investment in upgraded systems (the “Business Trans<strong>for</strong>mation” project)<br />
• <br />
and to increasing but modest surpluses in coming years.<br />
Content provision date<br />
21 November 2014<br />
1 2014 Worldwide corporate <strong>tax</strong> guide, EY.<br />
140 | The <strong>outlook</strong> <strong>for</strong> <strong>global</strong> <strong>tax</strong> <strong>policy</strong> in <strong>2015</strong><br />
2 2014-15 Worldwide personal <strong>tax</strong> guide, EY.<br />
3 2014 Worldwide VAT, GST and Sales Tax Guide, EY.
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