Govt welcomes trustee tax rate recommendation
Only about 49,000 trusts – out of 400,000 -– will have to pay the 39% rate.
Finance Minister Nicola Willis.
Brent Edwards
Mon, 11 Mar 2024
Hot Topic
EARNINGS
Low earning trusts no longer face the prospect of paying the top tax rate of 39% after Parliament’s finance and expenditure select committee recommended that those earning no more than $10,000 a year continue to be taxed at 33%.
Finance Minister Nicola Willis said she was delighted the committee
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Brent Edwards
Mon, 11 Mar 2024
Contact the Writer: brent@nbr.co.nz
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