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Employer Bulletin | 23 January 2024
The coalition Government is confirming that the exemption from road user charges (RUC) for owners of light electric vehicles (EVs) and plug-in hybrids will end from 1 April. Transport Minister, Hon Simeon Brown, announced the transition of EVs and plug-in hybrids to Road User Charges (RUC) is to ensure fairness and equity in contributing to road maintenance costs. This move aligns with the National-ACT coalition commitment to integrate all vehicles into the RUC system. From A
Jan 22, 20241 min read
Employer Bulletin | 15 January 2024
Finance Minister Nicola Willis announced a commitment to delivering further income tax relief in the 2024 Budget. The coalition Government is taking steps to alleviate the rising cost of living and reduce the tax burden on Kiwis. Immediate decisions include reverting the brightline test for residential property back to two years from July 1 2024 and removing the effective capital gains tax. Additionally, the Government is committed to fully restoring interest deductibility fo
Jan 14, 20241 min read
Half-year Economic and Fiscal Update & ‘mini-Budget’
The Half-year Economic and Fiscal Update (HYEFU) was delivered against a backdrop of considerable uncertainty and ongoing risks both domestically and internationally. In short, tax revenue growth is slowing, deficits are larger than forecast, and economic growth per capita is in decline. A considerable deterioration of the Government’s books since the Pre-election Economic and Fiscal Update (PREFU) means that there is limited ability for the Government to support new initiati
Dec 20, 20232 min read
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