Tax changes to include automatic refunds from IRD, new Kiwisaver rates, contributions holidays slashed

Fri, 29 Jun 2018

By Sophie Boot June 29 (BusinessDesk) - The government is proposing changes to tax law including automatic tax refunds, new KiwiSaver contribution rates and allowing over 65-year-olds to join KiwiSaver, along with slashing the contributions holiday that KiwiSaver members can take. The Taxation (Annual Rates for 2018-19, Modernising Tax Administration, and Remedial Matters) Bill, which has been tabled and has its first reading next week, sets the annual tax rates for the 2018-19 tax year, unchanged from previous tax years, along with other...

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