The move from provisional tax to a pay-as-you-go system is a significant forward step for New Zealand’s tax policy, says ACT Leader David Seymour.
“This will be a long-awaited relief for many self-employed and business-owning Kiwis.
“The efficiencies of digital payments and accounting mean that a pay-as-you-go system has been overdue for some time. Our laws need stay in line with technological advances.
“Lower and simpler taxes should be important to any centre-right government so it’s good to see National address one part of that equation.