Special Report on Budget measures

Inland Revenue has produced a Special Report to provide early detailed information on three of the new rules contained in the recently enacted Taxation (Budget Measures) Act 2024:

• Changes to personal income tax thresholds and the independent earner credit
• Increases to the Working for Families tax credits, and
• A remedial amendment to RDTI rules

Full coverage of these and all changes introduced by the new Act will be in an upcoming issue of the Tax Information Bulletin.