New Income Tax Brackets For 2024 Nz. Finance minister hon nicola willis has reiterated the government’s intention to adjust the individual income tax thresholds to reduce the effects of bracket creep. As we move towards 31 july, we've added more information about the 2025 annual tax thresholds to our income tax threshold changes page, including the use of composite.
This includes the benefit of changes to the tax brackets, the increase in eligibility for. The government has introduced new personal income tax rates, effective 1 april 2024.