Source: Inland Revenue Department –
This information release covers the Taxation (Use of Money Interest Rates) Amendment Regulations (No 2) 2022. The Order set the underpayment use of money interest rate at 7.96%, while the overpayment use of money interest rate was set at 0%.
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| Additional information |
The Cabinet paper was considered by the Legislative Committee on 11 August 2022 and confirmed by Cabinet on 15 August 2022. One attachment to the Cabinet paper is not included in this information release as it is publicly available: – Order in Council – Taxation (Use of Money Interest Rates) Amendment Regulations (No 2) 2022 |
