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Tax Updates

Tax Updates - August 2025 - Rate Changes

August 8, 2025

Rate changes for the 2025 year are here!

Each year IRD updates the rates, these were released early June 2025 relating to the 2025 financial year.Motor Vehicle Mileage Rates For business customers that use their personal motor vehicle for business related purposes, there are two ways that the business cost can...

Individual Tax Rate Changes for 2026 Financial Year - Personal Taxes

March 27, 2025

A reminder that changes to individual personal Income Tax thresholds came into effect from 31 July 2024.

Here's what you need to know.New individual tax rates are now fully in play as above. This means that the new Income Tax brackets apply from 31 July 2024....

Tax Updates - August 2024 - Rate Changes

July 20, 2024

Rate changes for the 2024 year are here!

Each year IRD updates the rates, these were released end of May 2024 relating to the 2024 financial year.Motor Vehicle Mileage Rates For business customers that use their personal motor vehicle for business related purposes, there are two ways that the business cost can...

Tax Updates - July 2024 - Personal Taxes

July 20, 2024

Personal tax changes kick in today! What is expected and what actions are needed?

Personal Income Tax ThresholdsChanges to individual personal Income Tax thresholds come into effect from 31 July 2024.Because these tax cuts are effective part way through the 2025 financial year, there will be composite rates that apply for this year.See below the new incom...

Tax Updates - July 2024 - Residential Rental Properties

July 20, 2024

Residential Rental Property Tax Changes are not static!

The most recent of tax changes that could affect you, are you aware of the changes?Residential Property Brightline TestChanges to the Brightline test to came into effect on 1 July 2024.The Brightline test period for residential property has been reduced from ten years to two...