NZ Tax: 39% and 33% Trustee Tax Rate for 2025 Income Tax Years
When preparing 2025 financial statements in Xero, will Xero be implementing a system to allow for varying tax rates for Trust's?
For example, 2024 Trustee tax rate at 33%, however the 2025 Trustee tax rate may be 39% or 33% depending on the Trustee Income, and if it is under $10,000.
It would be great if Xero were to implement a system to allow for this.Otherwise, a manual work around will be required, which could create human error.
I'm sure all tax practitioners across the country are hoping for an update from Xero.
8
votes
Caleb Downes
shared this idea
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Colinette Gibson
commented
This is urgent please.