HIGHLIGHTS

AUGUST 2021

  • Pay As You Earn (PAYE) Deduction Tables 2021/22 (REVISED)

JULY 2021

  • New Zealand publishes Final Interpretation Statement on Tax Deductions for Businesses disrupted by the COVID-19 Pandemic.
  • Payday Filing version 2

JUNE 2021

  • Wage subsidy and leave support payments in income tax returns.
  • Automatic Individual Write offs.
  • Wage subsidy pre-populating on some income tax returns – Update.

MAY 2021

  • 2021 End of year process – Individual income tax assessments.
  •  New default providers announced for KiwiSaver
  • Budget 2021.
  • Holidays (Increasing Sick Leave) Amendment Bill- Increase in Sick leave.
  • Holidays (Increasing Sick Leave) Amendment Bill-Change in Carrying over unused sick leave

APRIL 2021

  • No Statutory Updates

MARCH 2021

  • Bereavement leave to cover miscarriage, stillbirth
  • Pay As You Earn (PAYE) Deduction Tables 2021/22
  • Clarification of the ACC earners levy and SA, SA SL tax codes
  • Easier applications for paid parental leave

FEBRUARY 2021

  • New COVID-19 Payment Supports Businesses

JANUARY 2021

  • No Statutory Updates

DECEMBER 2020

  • The Minimum Wage effective from April 2021
  • Taxation (Income Tax Rate and Other Amendments) Bill- New top personal tax rate
  • Taxation (Income Tax Rate and Other Amendments) Bill- Strengthening information-gathering rules
  • Taxation (Income Tax Rate and Other Amendments) Bill- Minimum family tax credit

NOVEMBER 2020

  • No Statutory Updates

OCTOBER 2020

  • No Statutory Updates

SEPTEMBER 2020

  • Eligibility Expanded for COVID-19 Leave Support
  • Seasonal Work Visa Available to More People
  • Public Holidays in New Zealand for the Year 2021

AUGUST 2020

  • No Statutory Updates

JULY 2020

  • The Employment Relations (Triangular Employment) Amendment Act 2019 came into force on 28 June 2020
  • Increase in the Rate of Parental Leave Payments
  • Increase in Number of ‘Keeping in Touch’ days

JUNE 2020

  • Wage Subsidy Extension

MAY 2020

  • No Statutory Updates

APRIL 2020

  • Tax relief and income assistance
  • Pay As You Earn (PAYE) Deduction Tables 2020/21
  • Wage Subsidy Scheme
  • 2020/2021 Tax Due Date Calendar (IR328)

MARCH 2020

  • Late filing penalties for income tax
  • Late filing penalties for employment information
  • Covid-19 leave payment scheme
  • Worker has been advised to self-isolate
  • Employment rules for the Easter and ANZAC holidays

FEBRUARY 2020

  • No Statutory Updates

JANUARY 2020

  • The Minimum Wage effective from 1st April 2020