Tax bill gives employee share schemes a boost

Enhancing firms' ability to retain attract and talent through employee share schemes is one aspect of the bill. (Image: Getty)

Jem Traylen

Thu, 29 Aug 2024

The Government says increasing the exemption thresholds for employee share schemes will support growth in the tech sector.The Taxation (Annual Rates for 2024-25, Emergency Response, and Remedial Measures) Bill, passed its first reading on Thursday with Revenue Minister Simon Watts saying it dealt with “the 21st-century issues and the reality of life in New Zealand today”.“Every year the Government passes legislation like this to set the tax rates for the next year, and we have included various changes to make the system s...

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