9 Apr 2019

Biggest tax change in 20 years

From Nine To Noon, 9:08 am on 9 April 2019
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Photo: PHOTO NZ

Around 750,000 wage and salary earners are set to get tax refunds automatically in what Inland Revenue describes as the biggest change to individual tax in a generation.

As of last Monday, Inland Revenue is now automatically calculating the tax position of all wage and salary earners - and will generate a refund if one is due. It's part of the third stage of IR's $1.6 billion dollar Business Transformation project to simplify and modernise the tax system. 

Over Easter Inland Revenue will go offline and close its call centres for nearly a week as it implements the new system. Kathryn talks with Inland Revenue Commissioner Naomi Ferguson.

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