On 7 July 2025, Inland Revenue proactively released the submissions that were received on the officials’ issues paper Taxation and the not-for-profit sector (February 2025) in the interests of transparency.  The release includes a summary of the main themes that emerged from the consultation. All matters discussed in the issues paper are being considered further and could be subject to further consultation.

Finance Minister Nicola Willis today announced proposed changes to the FamilyBoost scheme:

• Lifting the threshold for maximum eligible income from $45,000 to $57,286 per quarter ($180,000 to $229,100 annual household income)
• Increasing the amount that an eligible family can claim from 25% of early childhood education costs to 40% or a maximum of $1,560 (up from $975) each quarter.
• Slowing the abatement rate from 9.75% to 7% for household income over $35,000 per quarter

 

Inland Revenue is seeking feedback on its draft long-term insights briefing.

The Government wants to hear public views on a set of proposals for improving Working for Families. The intention is to make Working for Families more accurate which would help prevent families from going into debt.

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.