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Taxation (Annual Rates for 2015–16, Research and Development, and Remedial Matters) Bill

Annual tax bill, completed its first reading on March 11 and sent to the Finance and Expenditure Committee with a report back deadline of September 11. The bill also contains changes to the tax treatment of research and development, GST and bodies corporate, as well as wide ranging change to child support clawing back some planned reforms. Reported back Sept 3 with many changes, mostly technical. Notably the eligibility for tax credits for loss making research and development was expanded and the administration handed to the Ministry of Business, Innovation and Employment and the Callaghan Institute. Second reading completed on a voice vote on October 20. Committee stage interrupted on December 1 and completed on February 10 with the Govt making a number of amendments. Third reading completed on February 16 on a voice vote though Opposition parties argued it did not do enough to promote R&D.  Taxation (Annual Rates for 2015–16, Research and Development, and Remedial Matters) Bill