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!