Tax policy news
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The Taxation (Budget Measures) Bill (No 2) was passed today in the House. The Bill contains measures announced in the Government's 2025 Budget, including Investment Boost, KiwiSaver changes and changes to Working for Families.
The Minister of Finance today introduced the Taxation (Budget Measures) Bill (No 2) into the House.
The Bill contains measures announced in today’s Budget, including Investment Boost, KiwiSaver changes and changes to Working for Families.
The Government has announced its Budget for 2025. The taxation measures in the Budget are:
- Introducing Investment Boost, a tax incentive that supports businesses with an immediate tax deduction for new assets first available for use on or after Budget Day (22 May 2025) – Investment Boost information sheet.
- Changes to Working for Families, including raising the abatement threshold and the abatement rate, and income testing the first year of Best Start.
- Changes to KiwiSaver including increasing the default employer and employee contribution rates, introducing the ability to opt for a temporary rate reduction, extending eligibility for receiving employer and government contributions to 16- and 17-year-olds, reducing the government contribution to KiwiSaver for all members and removing the government contribution for those earning over $180,000 a year.
Information releases
View the latest information releases available (includes Cabinet papers, minutes, and key supporting papers for tax policy related decisions).
Tax Working Group (2017–2019)
For the terms of reference, news, reports, and other information see the Tax Working Group website. (This site is now archived.)