New ACC Rates Set
Tuesday, May 21st, 2019
The ACC levies have been set by regulation for the 2019-20 and 2020-21 tax years.
For both tax years the earners’ levy remains the same at $1.39 (GST-inclusive) per $100 liable earnings. The minimum liable earnings for self-employed workers increases from $32,760 to $36,816.
The maximum liable earnings will increase for:
- self-employed people from $124,053 to $128,470 in the 2019-20 tax year, and to $130,911 in the 2020-21 tax year.
- employees and private domestic workers from $126,286 to $128,470 in the 2019-20 tax year, and to $130,911 in the 2020-21 tax year.
*Content courtesy of IRD.