Personal tax cuts confirmed in Budget 2024
The coalition government’s first budget has been delivered against the backdrop of a declining economy.
The much-anticipated detail of changes to personal tax thresholds have finally emerged. The government made no secret that tax relief was on the way for New Zealanders, however, exactly what form those changes would take has remained a mystery until now.
Our 2024 Budget Report, prepared by Wolters Kluwer in-house analysts with the assistance of specialist practitioners from Bell Gully is a concise overview of the Government Budget Announcement of May 30th. The Report covers announcements of interest to tax practitioners and the business community.