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New Zealand 2024 Budget Highlights

Vanessa Williams
Published on

NZ TAX RATE CHANGES

The Government confirmed the change in tax rates relating to different income thresholds in the recent Budget. 

This will take effect from 31 July 2024.

If you are an employer, it is important to check your payroll even if you use a payroll system to ensure the rates are correct. If your payroll is done by Alliotts we will make any adjustment necessary.

The new tax thresholds are:

0524 NZ Budget_tax rate changes

Please note these changes may also affect other taxes like ESCT and FBT rates. Please contact Alliott NZ in Auckland if you need any assistance with NZ Budget tax queries.

Topics: budget compliance employers FBT New Zealand Payroll tax rate

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