On 3 May 2016, the New Zealand government introduced the Taxation (Annual Rates for 2016-2017, Closely Held Companies, and Remedial Matters) Bill. The main measures as provided in the Departmental Disclosure Statement for the Bill, dated 28 April 2016, are summarized as follows.

Closely Held Companies

The Bill proposes a number of changes to the look-through company (LTC) rules and the divi…