April Tax News
ACC and Student Loan rate changes from 1 April:
- The Student Loan Scheme annual repayment threshold increases from $19,448 to $19,760.
- Average ACC Work levies paid by employers and self-employed people will decrease from 72 cents to 67 cents per $100 of liable earnings.
- The Earners levies paid through PAYE (or invoiced directly through ACC for self-employed people) remain at $1.21 per $100 of liable earnings.
Tax Working Group report released:
The Tax Working Group has now reported to Government with capital gains tax the biggest issue up for discussion.
It’s still a long road before we see changes to the New Zealand tax landscape but you can expect to hear the Government’s response to the report in April.
We’ll keep you updated!