Cabinet paper CAB-20-SUB-0484: Introducing a new top personal income tax rate

1. IR2020/449 – Tax policy report: Possible Cabinet and legislative processes before the end of 2020 (6 November 2020)
2. IR2020/454 T2020/3412 – Tax policy report: Introducing a new top personal income tax rate (13 November 2020)
3. CAB-20-SUB-0484 – Cabinet paper: Introducing a new top personal income tax rate (23 November 2020)
4. CAB-20-SUB-0484 – Regulatory impact assessment: Introducing a new top personal income tax rate (18 November 2020)
5. CAB-20-MIN-0484 – Minute: Introducing a new top personal income tax rate (23 November 2020)

The Cabinet paper was considered and confirmed by Cabinet on 23 November 2020.

The proposed changes were included in the Taxation (Income Tax Rate and Other Amendments) Bill. The Bill was introduced to Parliament on 2 December 2020 and enacted on 7 December 2020.

• Cabinet paper CAB-20-SUB-0490: Legislative approval for the introduction of a new top personal tax rate