Announcements
PUBLISHED 15 April 2005

Child tax rebate to increase

The government will introduce legislation to increase the child tax rebate. The change will increase the amount of income – excluding dividends and interest – that children can earn tax-free. For more information see the government's media statement.


Hon Dr Michael Cullen
Minister of Revenue

MEDIA STATEMENT

Child tax rebate more than doubled

The number of children required to pay tax will be reduced from next April when the child tax rebate is increased from $156 a year to $351, Revenue Minister Michael Cullen announced today.

The change, which will be included in the next tax bill, will increase the amount of income, excluding interest and dividends, that a child can earn tax free from $1040 to $2340 a year and could benefit up to 30,000 children.

Dr Cullen said cost to the government was estimated at $7.2 million a year.

The rebate was last adjusted in 1983.

Contact: Patricia Herbert [press secretary] 04-471-9412 or 021-270-9013. E-mail: [email protected]