Information release
Published 21 December 2020

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

Information release for the introduction of a bill to implement a new top personal tax rate of 39% and other measures.

Publication information

Documents in this information release
  1. IR2020/485 – Tax policy report: Draft Cabinet paper: Legislative approval for the introduction of a new top personal tax rate (25 November 2020)
  2. CAB-20-SUB-0490 – Cabinet paper: Legislative approval for the introduction of a new top personal tax rate (30 November 2020)
  3. CAB-20-MIN-0490 – Minute: Legislative approval for the introduction of a new top personal tax rate (30 November 2020)
Additional information

The Cabinet paper was considered and confirmed by Cabinet on 30 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.

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