Skip to Content

myIR, payments and more

News and updates
Kawepūrongo me ngā pānui hou

Budget 2017 announcements

The 2017 Budget announced today by the Minister of Finance includes a Family Incomes Package comprising proposals to:

  • adjust the bottom two tax thresholds
  • discontinue the Independent Earner Tax Credit
  • increase the Family Tax Credit rates for children under 16, and
  • increase the abatement rate and decrease the abatement threshold for Working for Families Tax Credits.

Also announced today was public consultation on proposals to improve the tax treatment of feasibility expenditure for businesses.

For more information go to the Budget 2017 announcements on our Tax Policy website