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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

If you’re a Māori authority, there are special rules for income tax.

Distributions or payments to your members can be taxable or non-taxable. You should also give statements to your members about distributions.

You pass on credits to your members by attaching them to distributions. It’s important to account for all distributions. The credits will need to be accounted for in a Māori authority credit account (MACA).

You’ll also need to keep accurate tax records for at least 7 years.

You can find out more about the tax rules for Māori authorities in our guide.

Last updated: 15 Dec 2023
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