Making tax easier – Government consultation

The Government is consulting on changes to the way you deal with Inland Revenue.

Changes would mean simpler PAYE and tax returns, better online services and reduced business compliance costs. Join the discussion at www.ird.govt.nz/makingtaxeasier.

Petrobras awarded big exploration permit in New Zealand

Energy and Resources Minister Gerry Brownlee awarded, on 1 June 2010, New Zealand's first petroleum exploration permit over the Raukumara Basin off the North Island's East Coast to Petrobras International Braspetro B.V.

"It is with great pleasure that I welcome, for the first time to our region, one of the biggest global players in the petroleum industry," Mr Brownlee said.

New Zealand 2010 Budget Released

On 20 May Finance Minister Bill English released New Zealand's 2010 Budget.

Budget 2010 focuses squarely on faster growth, helps families get ahead and sets a credible path for getting back to surplus sooner, Mr English says. It also delivers the biggest reform of the New Zealand tax system in 25 years.

More information is available in the Minister’s Executive Summary.