In its Revenue Strategy, the Government made it a priority for us to develop its policy work programme. The Government also prioritised our enhancing the effectiveness and efficiency of our core business
The Government’s Revenue Strategy outlines that it will operate a stable, predictable revenue system with the current main tax bases—personal income tax, company tax and a broad-based goods and services tax (GST)—continuing to raise the bulk of Crown revenue.
Further, in the Government’s Going for Growth plan, released in February 2025, it noted ‘tax is a key area where the Government has heard concerns about complexity of rules and the incentives for businesses to invest and innovate. The Government will look at how tax settings can deliver better outcomes for New Zealanders, be less complex and support growth.’
In line with its Revenue Strategy, the Government asked IR and Treasury for advice on what to include in its Tax and Social Policy Work Programme.
The Government also asked us to focus on delivering our core business more effectively and efficiently. You can read about how we’ve done this in the next section, Assessment of Our Operations.
In this section
Find out how we have:
- supported the Government with the development of the Tax and Social Policy Programme and progressed policy priorities through consultation and legislation
- implemented Government initiatives including FamilyBoost
- worked to achieve revenue and debt collection targets with the Budget 2024 investment in additional compliance activities
- achieved baseline savings alongside delivering all of the above
- provided policy advice for Budget 2025 initiatives and planned to implement them.
Tax and Social Policy Work Programme: The programme was agreed and items on it progressed
FamilyBoost: Implemented on time and paying out $50.5 million in the first year
Investment in compliance: Government's additional Budget 2024 investment in compliance activities achieved 3 out of 4 targets
Baseline savings: Savings targets set by Government achieved