Budget 2023 Tax Initiatives Information Release

This proactive release covers Officials’ advice to Ministers on tax initiatives during the lead up to Budget 2023. This release includes reports, aide memoires, briefing notes, Cabinet papers and minutes, and Budget Ministers’ slide packs.

Some parts of this information release would not be appropriate to release and, if requested, would be withheld under the Official Information Act 1982. Where information has been withheld, no public interest has been identified that would outweigh the reasons for withholding it.

Budget 2023 Tax Initiatives Information Release
Published: 12 July 2023
Also published on the Treasury website, which will be the permanent repository for this release material. Material will be withdrawn from this Budget website in May 2024.

See Information Withheld from Documents on the Budget 2023 Information Release home page, or the cover page in each PDF file, for an explanation of why deletions may have been made to some of these documents.

Return to the Budget 2023 Information Release.

Documents Released 12 July 2023

Documents Released 12 July 2023
Doc. Date Creator Title
15 Jul 2022The TreasuryTreasury Report T2022/1565: Medium-term Revenue Strategy - slides for Finance Priorities Meeting (PDF 180KB)
19 Jul 2022The TreasurySlides: Medium-term Revenue Strategy - Finance Priorities Meeting (PDF 291KB)
18 Aug 2022The Treasury
Inland Revenue		Tax Policy Report T2022/1765, IR2022/387: Budget 2023 Revenue Raisers and Medium-Term Revenue Strategy (PDF 349KB)
19 Aug 2022The Treasury
Inland Revenue		Tax Policy Report T2022/1834, IR2022/398: Windfall taxes - slides for Weekly Agency Meeting (PDF 216KB)
19 Aug 2022The Treasury
Inland Revenue		Slides: Windfall taxes - slides for Weekly Agency Meeting (PDF 673KB)
02 Sep 2022The TreasuryAide Memoire T2022/1939: Additional information on firm financial performance (PDF 291KB)
16 Sep 2022The TreasuryAide Memoire T2022/2068: Financial performance in selected industries (PDF 240KB)
16 Sep 2022Inland RevenueInland Revenue Report IR2022/366: Taxation of the platform economy - financial impacts of legislative changes (PDF 205KB)
10 Nov 2022The Treasury
Inland Revenue		Tax Policy Report T2022/2474, IR2022/483: Broader context for considering decisions on the trustee [33] tax rates (PDF 285KB)
10 Nov 2022The Treasury
Inland Revenue		Tax Policy Report T2022/2469, IR2022/484: Taxation of trustee income (PDF 383KB)
10 Nov 2022The Treasury
Inland Revenue		Slides: Minimum/deemed return tax - Slides for discussion on 10 November 2022 (PDF 387KB)
13 Dec 2022The Treasury
Inland Revenue		Tax Policy Report T2022/2703, IR2022/516: Initial advice on a minimum tax (PDF 805KB)
02 Feb 2023The Treasury
Inland Revenue		Tax Policy Report T2023/74, IR2023/009: Minimum tax – Further design decisions (PDF 348KB)
10 Feb 2023The Treasury
Inland Revenue		Joint Report T2023/157, IR2023/037: Initial Advice on Personal Tax Relief (PDF 754KB)
10 Feb 2023The TreasuryTreasury Report T2023/53: Windfall gains in the New Zealand banking sector, and responses (PDF 535KB)
13 Feb 2023Inland RevenueInland Revenue Report IR2023/043: Inland Revenue’s Initiative Work Programme (PDF 237KB)
13 Feb 2023The Treasury
Inland Revenue		Tax Policy Report T2023/164, IR2023/030: Minimum tax- Remaining design decisions (PDF 552KB)
13 Feb 2023Inland RevenueAnnex to IR2023/043: Inland Revenue’s Initiative Work Programme - Annex (PDF 616KB)
15 Feb 2023The TreasuryTreasury Report T2023/136: Overarching considerations for a Budget 2023 revenue package (PDF 255KB)
17 Feb 2023The Treasury
Inland Revenue		Tax Policy Report T2023/217, IR2023/067: Delivering a net wealth tax for Budget 2023 (PDF 283KB)
17 Feb 2023The TreasuryAide Memoire T2023/195: Taxation of supernormal profits in the New Zealand banking sector (PDF 176KB)
20 Feb 2023The TreasurySlides: Budget Ministers 2 - Potential revenue package for Budget 2023 (PDF 362KB)
27 Feb 2023The Treasury
Inland Revenue		Tax Policy Report T2023/279, IR2023/066: Wealth tax – Further advice (PDF 306KB)
28 Feb 2023The Treasury
Inland Revenue		Slides: Illustrative Options for Personal Tax Relief (PDF 547KB)
28 Feb 2023The TreasuryAgenda T2023/302: Annotated agenda: Tax & welfare interactions at Budget 2023 (PDF 204KB)
28 Feb 2023The Treasury
Inland Revenue		Tax Policy Report T2023/269, IR2023/058: Increasing the trustee rate to 39% - detailed design (PDF 459KB)
28 Feb 2023The Treasury
Inland Revenue		Joint Report T2023/303, IR2023/038: Further Advice on Personal Tax Relief (PDF 378KB)
03 Mar 2023The TreasuryTreasury Report T2023/277: Flood Levy Initial Advice (PDF 300KB)
03 Mar 2023The TreasurySlides: Budget Ministers 3 - Revenue Annex (PDF 408KB)
10 Mar 2023The Treasury
Inland Revenue		Joint Report T2023/282, IR2023/084: Potential tax system responses to supernormal profits within the New Zealand banking sector (PDF 510KB)
14 Mar 2023Inland RevenueInland Revenue Report IR2023/096: Budget 2023 and Inland Revenue’s initiative work programme (PDF 468KB)
14 Mar 2023The Treasury
Inland Revenue		Tax Policy Report T2023/316, IR2023/067: Advice on a wealth tax (PDF 609KB)
14 Mar 2023The Treasury
Inland Revenue		Joint Report T2023/409, IR2023/094: Further Policy Advice on Personal Tax Relief (PDF 908KB)
14 Mar 2023The Treasury
Inland Revenue		Tax Policy Report T2023/313, IR2023/095: Cross-cutting advice on Budget 2023 revenue package (PDF 379KB)
17 Mar 2023The TreasuryAide Memoire T2023/456: Fiscal impacts of BM4 Revenue Package (PDF 252KB)
20 Mar 2023The TreasurySlides: Budget Ministers 4 - Revenue Annex (PDF 339KB)
20 Mar 2023The Treasury
Inland Revenue		Background Information: Costings for variations on the personal income tax options (PDF 170KB)
23 Mar 2023The TreasuryAide Memoire T2023/485: Revenue package fiscal tracker (PDF 199KB)
23 Mar 2023The Treasury
Inland Revenue		Tax Policy Report T2023/443, IR2023/098: Draft Cabinet paper – Increasing the trustee tax rate to 39% (PDF 265KB)
23 Mar 2023The TreasuryAide Memoire T2023/518: Budget 2023 Proposed Tax Switch Summary (PDF 171KB)
24 Mar 2023The Treasury
Inland Revenue		Aide Memoire T2023/516: Costings for personal income tax options (PDF 339KB)
31 Mar 2023The TreasuryTreasury Report T2023/584: Updated Tax Package Costings and Budget Tax Forecasts (PDF 321KB)
31 Mar 2023The TreasuryTreasury Report T2023/577: Considerations for a contingent tax package (PDF 310KB)
31 Mar 2023The TreasuryTreasury Report T2023/575: Supplementary Advice – Tax Package (PDF 243KB)
04 Apr 2023The TreasuryAide Memoire T2023/617: Updated tax package costings (PDF 252KB)
06 Apr 2023Office of the Minister of Finance
Office of the Minister of Revenue		Cabinet Paper CAB-23-SUB-0142: Ensuring Everyone Pays their Fair Share by Increasing the Trustee Tax Rate to 39% (PDF 388KB)
11 Apr 2023Cabinet OfficeCabinet Minute CAB-23-MIN-0142: Budget 2023: Revenue Initiative (PDF 223KB)
18 Apr 2023Inland Revenue
Ministry of Business, Innovation and Employment		Tax Policy Report IR2023/128, MBIE 2223-3479: Government Payment of KiwiSaver Employer Contributions to Paid Parental Leave Recipients (PDF 220KB)
27 Apr 2023Office of the Minister of Finance
Office of the Minister of Commerce and Consumer Affairs		Cabinet Paper DEV-23-SUB-0068: Government Payment of KiwiSaver Employer Contributions to Paid Parental Leave Recipients (PDF 147KB)
03 May 2023Cabinet OfficeCabinet Minute DEV-23-MIN-0068: KiwiSaver Initiative (PDF 204KB)
16 May 2023Inland RevenueInland Revenue Briefing Note BN2023/159: Behavioural response to the 39% personal tax rate, and insights from HWI project (PDF 293KB)
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