IRD - Tax write-off threshold increased


IRD - Tax write-off threshold increased

In response to the current economic downturn, the Government has legislated for a temporary increase to the write-off threshold for tax to pay, from $50 to $200. This applies for the 2019-2020 income tax year only and is available for individuals whose end of year tax liability is calculated by Inland Revenue’s automatic system. Click on link below for more info:-

Tax Policy Update - Tax write-off threshold increased

Posted: Tuesday 16 June 2020