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Source: Inland Revenue Department –

Commentary on proposed amendments included in the Taxation (Income Tax Rate and Other Amendments) Bill introduced to Parliament on 2 December 2020.

The proposed amendments cover:

  • a new top personal income tax rate of 39% for the 2021–22 and later income years that would apply to annual personal income that exceeds $180,000, and
  • other tax rules to ensure that the proposed new top personal tax rate would apply consistently across the personal tax system.


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