Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


Easier income tax refunds

Easier income tax refunds

Thousands of people will find it easier to obtain their income tax refunds from next year, Revenue Minister Michael Cullen and Associate Revenue Minister Paul Swain announced today.

The government is raising the $50 threshold under which salary and wage earners who are due an income tax refund will automatically receive it after 30 days if they have been issued a personal tax summary by Inland Revenue. For refunds over $50 they need to contact Inland Revenue to confirm that the refund is owing to them.

“Cabinet agreed today to raise the automatic refund threshold to $200, which means that an estimated 128,000 people will find it easier and simpler to gain access to their income tax refunds,” the Ministers said.

“People who receive a personal tax summary will no longer have to contact Inland Revenue to confirm their refund if it is $200 or less, which will save them time and effort.”

“The measure is an extension of the recent tax simplification reforms that freed over a million salary and wage earners from the requirement to file an annual income tax return. To claim a refund, however, it is necessary to request a personal tax summary – but today’s announcement will streamline the process for obtaining a refund of $200 or less.”

The higher threshold will apply to personal tax summaries that are issued in relation to the current tax year, 1 April 2002 to 31 March 2003, and to future years.

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Decision Day: Peters Chooses Labour

Winston Peters says he will form a Government in coalition with Labour and the Greens giving confidence and supply.

Peters said he had been offered the position of Deputy Prime Minister and a number of other ministerial posts would go to his colleagues

He said economic and monetary policy changes were needed to face a coming economic downturn.>>>More


Labour on its agreement |Peters: Post-Election Announcement Speech | Greenpeace “cautiously hopeful” about new Government | ACT - Madman on the loose | E tū ecstatic | Chamber welcomes the outcome


Climate: Increasing Greenhouse Emissions Hit NZ

New Zealand is seeing impacts of excess greenhouse gas emissions in our climate and oceans, according to the latest national report from the Ministry for the Environment and Stats NZ about the state of the atmosphere and climate…More>>


Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>


Rorschach Restructuring: PSA Taking Inland Revenue To Court Over Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>


Nuclear Disarmament: Nobel Peace Prize 2017 Awarded To ICAN

Congratulations from iCAN Aotearoa New Zealand to international iCAN, the other iCAN national campaigns and partner organisations, and the countless organisations and individuals who have worked so hard for a nuclear weapons-free world since 1945. More>>


Expenses: Waikato DHB CEO Resigns

An independent inquiry has identified that Dr Murray had spent more than the agreed $25K allocated for relocation costs, and other unauthorized expenses involving potential financial breaches of the chief executive’s obligations. More>>


Wellington.Scoop: Sad About The Trolley Buses?

The Regional Council’s MetLink is today spending money to tell us that it really loves Wellington’s trolley buses, even though they’re all being taken off our roads by the end of this month. More>>


Post-Election: Preliminary Coalition Talks Begin

New Zealand First will hold post-election preliminary discussions in Wellington with the National Party tomorrow morning and the Labour Party tomorrow afternoon. More>>




Featured InfoPages

Opening the Election