The New Zealand Inland Revenue has announced that the minimum family tax credit will be increased starting from 1 April 2014.
Low income families who work the minimum number of hours and who are not receiving a benefit will have an after-tax income of NZ$22,724 ($18,872) a year. The new amount will rise to $22,776 NZ$22,776 ($18,916).The increase was approved by an Order in Council on 21 October 2013.
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