Global Daily Tax News, NZ Issues Guidance On Personal Tax Credits Eligibility, (Oct 29, 2025)

New Zealand's Inland Revenue Department has released new guidance on eligibility for Working for Families tax credits.

The guidance, released in the form of an interpretation statement, provides an overview of eligibility for the tax credits and discusses the adjustments required to a person's net income to determine family scheme income.

The guidance explains that the key adjustments that may be relevant are income from associated trusts and companies, passive income over NZD500 of dependent children, payments from trusts other than beneficiary income, and other payments supporting the family if they total more than NZD5,000.