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"Modest adjustments" to tax thresholds expected in the 2024 Budget

Author
Newstalk ZB,
Publish Date
Thu, 30 May 2024, 9:41am
Photo / File
Photo / File

"Modest adjustments" to tax thresholds expected in the 2024 Budget

Author
Newstalk ZB,
Publish Date
Thu, 30 May 2024, 9:41am

Finance Minister Nicola Willis will unveil the final shape of the tax cuts promised to New Zealanders in the Budget today as well as how the Government will pay for them. 

The contents of the Budget will be revealed by Willis in Parliament at 2pm. 

Deloitte Tax Partner Robyn Walker says there won't be any major tax shocks in today's Budget. 

She told Mike Hosking Walker she’s expecting to see some modest increases in just the thresholds at which tax rates apply.  

Walker said it will be a Budget of "adjustments". 

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