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New Zealand Individual Income Tax Budget Measures Enacted

|Approved Changes|New Zealand
New Zealand

New Zealand's Taxation (Budget Measures: Family Incomes Package) Act 2017 received Royal assent on 29 May 2017. The legislation includes the Budget 2017 measures for individual income tax, including an increase in the first and second individual income tax brackets as follows:

  • up to NZD 22,000 (increased from NZD 14,000) - 10.5%
  • NZD 22,001 up to NZD 52,000 (increased from NZD 48,000) - 17.5%

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