Budget 2025: Tax Changes

By Haley | June 4, 2025 |

There were two key tax changes in this year’s budget as follows:·         A new 20% “investment boost” tax deduction for new business assets.·         Changes to KiwiSaver settings, including an increase to both employer and employee minimum contribution rates and reductions in the Government contributions. INVESTMENT BOOST From 22 May 2025, the Investment Boost allows businesses…

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