Taxation (Business Tax, Exchange of Information, and Remedial Matters) Bill makes amendments to the Income Tax Act 2007, The Tax Administration Act 1994, and The Student Loan Scheme Act 2011.1 2
The other business tax part includes Extending withholding to labor-hire firm contractors.3
Withholding is when in some situations where someone earns interest, contract work, or other sources that are not salary or wages, the payer must withhold tax from that income and pay it to IRD on the person's behalf.4
1.https://bills.parliament.nz/v/6/9d6fe9f0-83e2-43af-bec2-cbd63c5aebe5
2.https://www.taxpolicy.ird.govt.nz/publications/2016/2016-commentary-bteirm/other-business-tax