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Legislative update: Pilot scheme for income year 23 and income year 24

IR turns to tax pooling to tackle historic income tax debt

A new debt recovery pilot will allow eligible taxpayers with historic income tax debt for the 2023 and 2024 tax years to use tax pooling at scale.

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Change to how UOMI rates are set

The Government is changing how it adjusts use-of-money interest rates, moving to a determination issued directly by the Commissioner of Inland Revenue.

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