The minutes from the Digital Advisory Group (DAG) meeting held on 12 June are now available on
our website.
You can also catch up on past DAG meetings and learn more here.
Inland Revenue has released its draft long-term insights briefing for feedback. This long-term insights briefing explores the
implications of rising fiscal pressures for New Zealand's tax system and what changes could be made to enhance fiscal resilience. If
you're interested in learning
more, head to Inland Revenue's
website.
Ths closing date for feedback is Monday 1 September.
MBIE has released New
Zealand's AI Strategy: Investing with Confidence
and the accompanying Responsible
Artificial Intelligence Guidance for Businesses.
The AI Strategy outlines the government's commitment to creating an environment where New Zealand businesses can adopt and innovate
with AI technologies and confidence. The guidance document is a voluntary resource to help businesses realise AI's
benefits through
using and developing AI systems in a trustworthy way. Read more about the strategy on MBIE's
website.
Inland Revenue has completed a post-implementation review of the increased disclosure requirements that were introduced in December
2020 for trustees for the 2021-22 and later income years. Head to Inland
Revenue's
website
to read the post-implementation review report, the independent review and an annex of disclosure data from the 2023 tax year.
The New Zealand and Australian Peppol Authorities, together with DSPANZ, have released an
updated version of the Invoice Content Industry Practice Statement.
The updated industry practice statement reflects changes to the priority ratings for some invoice fields to support
eInvoicing interoperability. Access the updated Invoice Content Industry Practice Statement and other supporting
documents and guidance on
the A-NZ Peppol GitHub.
Inland Revenue is in the
process of making two-step verification (2SV) compulsory for all myIR users by 5 October 2025. This change is
planned to take effect on various dates for different customer groups, noting that 2SV is already compulsory for tax agents,
intermediaries and some customers. Read more about the rollout of this change on Inland
Revenue's website.
In May, the Minister of Commerce and Consumer Affairs, Hon Scott Simpson, announced
Cabinet's decision
to designate the banking sector under the Customer and Product Data Act. For more information about the next steps for open banking,
including the regulations that will enable and accelerate it, head
to MBIE's
website.
