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Budget 2024: The Government has announced FamilyBoost, a proposed new childcare payment to help eligible families with the rising costs of Early Childhood Education (ECE). Find out more: Beehive.govt.nz

The Minister of Revenue introduced the Taxation (Annual Rates for 2023-24, Multinational Tax, and Remedial Matters) Bill in May 2023. The Bill includes several proposed changes expected to take effect on or before 1 April 2024.

In addition, there are some rate changes, and residual items that also come into effect in April 2024.

The changes include:

  • phasing back in the ability to claim interest deductions for residential property
  • new marketplace rules for GST on listed services
  • flood response measures for the North Island flooding events
  • changes to the layout of trust returns
  • tax calculation changes for qualifying back-dated lump sum payments from ACC and MSD.

We provide more information on these and the wider changes in our new webinar series.

We have 6 webinars available:

  • Backdated lump sum changes
  • GST changes
  • Income tax changes
  • Property
  • Trust and estate changes
  • Best of the rest

The webinars are available below.

Changes coming in April 2024

Last updated: 26 Mar 2024
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