OrbitaxBudget for 2012/13 – Summary
|Proposed Changes|New Zealand
On 24 May 2012, the Minister of Finance introduced the 2012/13 Budget to Parliament. The Government's objective is to turn the current year's deficit of NZD 8.44 billion into a surplus of NZD 197 million by 2014/15. It therefore presented a zero budget for the second year running.
The following tax changes were announced:
| - | repeal of the current tax credit for income under NZD… |
