New Zealand Minister of Finance, Nicola Willis, delivered Budget 2024 on 30 May 2024. The main tax-related measures as noted in the Budget 2024 Speech are focused on tax relief for individuals, including an increase in the first three individual income tax bracket thresholds, resulting in the following brackets/rates:

• up to NZD 15,600 - 10.5%
• NZD 15,601 to 53,500 - 17.5%
• NZD 53,501 to 78,100…