Source: New Zealand Inland Revenue Department – Press Release/Statement:
Headline: FTC and BSTC amounts increased
An Order in Council made on 29 November 2023 increases the Family Tax Credit and Best Start Tax Credit amounts in line with inflation. This will take effect from 1 April 2024.
A special report has been published providing details of the change. Coverage will be included in an upcoming edition of the Tax Information Bulletin.
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