New Zealand Consulting on Measures to Limit Ability of Individuals to Avoid Upper Income Tax Rates

New Zealand Inland Revenue has launched a consultation on measures meant to limit the ability of individuals to avoid upper income tax rates including the new 39% top rate introduced in 2021.

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Dividend integrity and personal services income attribution

The Government recently introduced and implemented a new top personal income tax rate of 39% for income earned over $180,000. Tax rates on other types of taxpayers, including companies and trusts, remained unchanged at 28% and 33% respe…