The Business Advisory Blog

The Business Advisory Blog

Insight, news and updates from Alliott NZ Chartered Accountants, Auckland New Zealand. The views expressed here are the views of the author and should be discussed in further detail should an article be relevant to your individual circumstances.

While every effort has been made to provide valuable, useful information in this publication, this firm and any related suppliers or associated companies accept no responsibility or any form of liability from reliance upon or use of its contents. Any suggestions should be considered carefully within your own particular circumstances, as they are intended as general information only.

Vanessa Williams
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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