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A new tax bill introduced to Parliament will mean automatic tax refunds for around 750,000 New Zealanders. Revenue Minister Stuart Nash says the Taxation (Annual Rates for 2018-19, Modernising Tax Administration, and Remedial Matters) Bill will simplify tax obligations for individuals who only earn employment or investment income. It will remove the need for them to file a personal tax summary (PTS) to get a tax refund.




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