Tags : IRD

Law simplifies and encourages child support

 Fairer and more effective penalty rules ·       Compulsory deductions of financial support from source deduction payments made by an employer for newly liable parents ·       A fairer definition of “income” used for child support purposes, and ·       A four-year time bar on the reassessment of child support The Child Support Act has been amended to reduce the scheme’s […]readmore

Government fulfils election undertaking on new top tax rate

The Government will today keep its election promise to put in place a new top tax rate of 39 per cent on income earned over $180,000. “This will only affect the top two per cent of earners. It is a balanced measure that is about sharing the load so everyone is doing their bit to […]readmore