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"Modest adjustments" to tax thresholds expected in the 2024 Budget

Author
¾ÅÒ»ÐÇ¿ÕÎÞÏÞtalk ZB,
Publish Date
Thu, 30 May 2024, 9:41am
Photo / File
Photo / File

"Modest adjustments" to tax thresholds expected in the 2024 Budget

Author
¾ÅÒ»ÐÇ¿ÕÎÞÏÞtalk ZB,
Publish Date
Thu, 30 May 2024, 9:41am

Finance MinisterÌýNicola WillisÌýwill unveil the final shape of theÌýtax cutsÌýpromised to New Zealanders in the Budget today as well as how the Government will pay for them.Ìý

TheÌýcontents of the BudgetÌýwill be revealed by Willis in Parliament at 2pm.Ìý

Deloitte Tax Partner Robyn Walker says there won't be any major tax shocks in today's Budget.Ìý

She told Mike Hosking Walker she’s expecting to see some modest increases in just the thresholds at which tax rates apply. Ìý

Walker said it will be a Budget of "adjustments".Ìý

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