Backpacker tax – ‘working holiday makers’ on certain visas will be taxed at 15% on their ‘working holiday [net] income’ (up to $37,000) in a compromise between the Government’s 19% rate and Senate’s 10.5% NZ rates (to match NZ’s rate
The Government’s so called ‘backpacker’ tax changes are set out in a package of 4 Bills, 3 of which have been passed by both houses and received Royal Assent. They are as follows. The Treasury Laws Amendment (Working Holiday Maker Reform) Bill 2016 – which received Royal Assent and became Act No. 89 of 2016…