IETC tagged posts

New Goverment’s Tax Plan Revealed

December 10, 2008 New Zealand Taxation  No comments

The new government released their new personal tax plan on Tuesday 9th of December, featuring altered tax levels and earning brackets.

The new personal tax plan is set to come into effect on the 1st of April 2009, with changes on the same date of each of the next three subsequent years.

The first year saw will see the earnings brackets change to $0 to $14,000, $14,001 to $48,000, $48,001 to $70,000 and above $70,001. The personal tax rates will become 12.5%, 21%, 33% and 38% respectively.
On the 1st of April 2010, the brackets will become $14,000 and under, $14,001 to $50,000, $50,001 to $70,000 and $70,001 and above. The tax rates for each bracket will be 12.5%, 21%, 33% and 37%.
The 1st of April 2011 will not see a change in the income brackets but a drop will be seen in the tax rate of ...

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New Goverment's Tax Plan Revealed

December 10, 2008 New Zealand Taxation  No comments

The new government released their new personal tax plan on Tuesday 9th of December, featuring altered tax levels and earning brackets.

The new personal tax plan is set to come into effect on the 1st of April 2009, with changes on the same date of each of the next three subsequent years.

The first year saw will see the earnings brackets change to $0 to $14,000, $14,001 to $48,000, $48,001 to $70,000 and above $70,001. The personal tax rates will become 12.5%, 21%, 33% and 38% respectively.
On the 1st of April 2010, the brackets will become $14,000 and under, $14,001 to $50,000, $50,001 to $70,000 and $70,001 and above. The tax rates for each bracket will be 12.5%, 21%, 33% and 37%.
The 1st of April 2011 will not see a change in the income brackets but a drop will be seen in the tax rate of ...

Read More