The Inland Revenue Department or simply Inland Revenue (The Department of Tax) is the New Zealand government department responsible for
- collection of taxes
- payment of family assistance tax credits
- payment of Paid Parental Leave
- collection and payment of child support
- collection of student loan
- KiwiSaver
The Inland Revenue Department is part of the portfolio of the Minister of Revenue.
Timeline of Inland Revenue
Timeline of Inland Revenue
It is almost impossible to cover everything about IRD on this blog, lets start with the changes to personal income tax rate.
| Income Band | Tax rate till 30 Sept 2010 | Tax rate from 1 Oct 2010 |
| $0 - $14,000 | 12.5% | 10.5% |
| $14,001 - $48,000 | 21% | 17.5% |
| $48,001 - $70,000 | 33% | 30% |
| $70,000 and over | 38% | 33% |
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