Election year:
2023
Political party:
Act
Associated politicians:
Policy:
Income Tax
- Ensure that New Zealand's income tax would move into a two-rates system.
- By 2025/2026, there will be a return of the system of top-rate alignment where the top company, trust, and individuals income tax rates are aligned at 28%.
- The tax rate will be 17.5% for those that have an income between $0 - $70,000 in 2025/2026
- The tax rate will be 28% for those that have an income between $70,000 and above.
- See more here
