Revised ACC Levies to Be Released

December 15, 2008 New Zealand FinanceNew Zealand Taxation  No comments

New Zealand Government officials said that the new ACC levies will be released on the 15th of December.

While originally, New Zealand Prime Minister John Key stated that the new levies will be released on the 14th, this was later retracted and the new date set.

Prime Minister John Key was quoted as saying that although the New Zealand Government found itself in a difficult position in regards to the ACC levy decision, they tried all that was feasible in an attempt to ease pressure on tax payers. Specifically, the government thought that next year could be a difficult one for tax payers, economically.

Beside the Department of Labour recommendation of increasing levies 0.6 cents to every dollar earned (bringing them up to 2 cents per dollar), no new estimates have been proposed to the new levy rates.

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