CHANGES TO INCOME TAX BRACKETS

James Kelso
June 5, 2024

National campaigned on reducing the cost of living for Kiwis, which in part it intended to bring about by  adjusting income tax brackets.  The Government has made good on its promise and announced in its Budget released on 30 May 2024 the adjustments to tax brackets noted below.  These changes are to take effect on 1 August 2024.  Undoubtedly employees will be happy at this announcement as they will benefit from these adjustments. 

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