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Due to the National Latest U-Turn, the App Tax is in! Yikes. Implementation date: April 2024
What is the APP TAX It is a tax on digital platforms to charge GST on their services even though their total taxable supply may be below the threshold of $60k per annum. |
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Services using digital platforms like Uber and Airbnb will be affected. Someone that uses a ridesharing app twice a week could be paying hundreds of dollars extra a year, and a $400 weekend away booked through a digital provider could be $60 more expensive. |
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Please contact us if you think your business will be affected. Email us at info@achievebiz.co.nz. Working for Tax Family Credit Boost Family Tax Credit rates will increase from $136 to $144 per week after tax for the eldest child, and from $111 to $117 per week for subsequent children. The Best Start tax credit rate will rise from $69 to $73 weekly after tax. |
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Who gets working for families’ tax credits? For more information, visit this website: About Working for Families (ird.govt.nz) |
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What is the Best Start Tax Credit? Best Start tax credit (BSTC) is a payment to help families with the costs in a child’s first three years. For more information, visit this website. |
