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Taxation (Annual Rates for 2024–25, Emergency Response, and Remedial Measures) Bill
Bills are proposals to make a new law or to change an existing one. Only Parliament can pass a bill. Each bill goes through several stages, giving MPs and the public the chance to have their say.
The policy proposals in this omnibus bill set the annual rates of income tax for the 2024-25 tax year, aim at improving current settings within a broad-base, low-rate framework, and aim at improving the settings for tax administration, the GST regime, KiwiSaver, and social policy rules administered by Inland Revenue.MP in charge
Hon Simon WattsCommittee
Finance and Expenditure
Bill No.73-2
54Parliament
Progress of the Bill
Details
Assented on 28 Mar 2025
Act: Taxation (Annual Rates for 2024–25, Emergency Response, and Remedial Measures) Act 2025
Royal Assent
The Governor-General formally signs the bill into law.
Bill () [ MB]
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Member(s) in charge: Hon Simon Watts Type of Bill: Government Parliament: 54 Bill no: 73-2 Introduction: 25 Aug 2024 First reading agreed: 29 Aug 2024 Referred to: Finance and Expenditure Submissions due: 08 Oct 2024 Select Committee Report(s): Taxation (Annual Rates for 2024–25, Emergency Response, and Remedial Measures) Bill - 26 Feb 2025 Second reading agreed: 04 Mar 2025 Committee of the whole House concluded: 25 Mar 2025 Third reading agreed: 25 Mar 2025 Royal assent: 28 Mar 2025 Act: Taxation (Annual Rates for 2024–25, Emergency Response, and Remedial Measures) Act 2025