Skip to main content
Inland Revenue
Inland Revenue
Inland Revenue

Tax Policy

Information release
Published 19 September 2022

LEG-22-SUB-0131 - Taxation (Use of Money Interest Rates) Amendment Regulations (No 2) 2022

This information release covers the Taxation (Use of Money Interest Rates) Amendment Regulations (No 2) 2022. The Order set the underpayment use of money interest rate at 7.96%, while the overpayment use of money interest rate was set at 0%.

Documents in this information release
  1. IR2022-347 - Tax policy report: User of money interest rates review (5 July 2022) (6 pages; PDF 801 KB)
  2. LEG-22-SUB-0131 - Cabinet paper: Taxation (Use of Money Interest Rates) Amendment Regulations (No 2) 2022 (11 August 2022) (5 pages; PDF 146 KB)
  3. LEG-22-MIN-0131 - Minute: Taxation (Use of Money Interest Rates) Amendment Regulations (No 2) 2022 (15 August 2022) (2 pages; PDF 152 KB)
Additional information

The Cabinet paper was considered by the Legislative Committee on 11 August 2022 and confirmed by Cabinet on 15 August 2022.

One attachment to the Cabinet paper is not included in this information release as it is publicly available:

  - Order in Council - Taxation (Use of Money Interest Rates) Amendment Regulations (No 2) 2022