The New Zealand Inland Revenue Department has announced a change in the use-of-money interest rates on underpayments and overpayments as approved by Order in Council on 27 March 2017. The new rates are:

• Underpayment rate: 8.22% (previously 8.27%)
• Overpayment rate: 1.02% (previously 1.62%)

The new rates apply from 8 May 2017.