Proposed changes to simplify end of year processes for taxpayers are being welcomed by Revenue Minister Michael Woodhouse.

Today's release of an Inland Revenue discussion document is the sixth in a series of public consultation papers.

It seeks to improve the administration of tax on income earned from investments, allowing earners to meet their end of year tax obligations with less documentation.

Woodhouse says it's more efficient for Inland Revenue to collect that information direct from taxpayers and use it to pre-populate their records.

Submissions on the proposal close on August the 19th.