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Budget 2024 | The Government has announced proposed changes to personal income tax, the independent earner tax credit, in-work tax credit, the minimum family tax credit and the interest rate charged for overseas based student loans. They have also provided more information on FamilyBoost. Find out more: www.budget.govt.nz

In June 2022, Inland Revenue finished the multi-year programme to transform and modernise Aotearoa New Zealand's tax and social policy system.

At the heart of our transformation has been our drive to make it simpler and easier for customers to pay the right amount of tax and get the social policy payments they're entitled to.

We've assessed $100.6 billion in tax revenue, and distributed a net $2.92 billion in Working for Families Tax Credits and $4.6 billion in COVID-19 support payments and loans. This year, we've continued to take a supportive approach with customers struggling with their tax obligations.

Inland Revenue has needed to make some trade-offs in our services this year. Our compliance efforts and resources have focused on the areas of highest risk, and we're paying close attention to the integrity of COVID-19 initiatives.

This year, we've networked with the wider tax and social policy communities to deliver more for Aotearoa New Zealand. We're also focused on working to be a better partner in the Māori Crown relationship.

The people who work here have achieved a lot. They've stayed resilient and dedicated, and many have dealt with the effects of COVID-19 in their own lives.

We work to keep ensuring New Zealanders believe:

  • when I pay my tax, I'm doing a good thing (and that's what people like me do)
  • when I'm trying to do the right things, Inland Revenue will help me
  • when someone else is trying to do the wrong things, Inland Revenue will find them.

Last updated: 13 Sep 2022
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