2025 annual tax return changes

Income tax annual changes

Changes to income tax return calculations and tax return forms will be updated as part of our annual changes process.

The following changes will be made before 1 April 2025:

In progress

IR3 Individual Tax Return

• Adding a transitional Independent Earner Tax Credit (IETC) calculation for the 2024/25 income year.
• Adding new standard IETC eligibility threshold for 2025/26 and subsequent income years.

IR6 Trust Tax Return

• Taxing trustee income at 33% or 39% based on the trust type.
• Taxing distributions to minor and corporate beneficiaries at 39%.

Released

IR3 and IR3NR Individual Tax Returns

• Adding new composite 2024/25 income tax thresholds.
• Adding new standard thresholds for 2025/26 and subsequent income years. 
• Removing the Family tax credit from Work and Income disclosure.
• Removing the "Did you work in NZ at any time during the year" disclosure.
• Adding Alternate Rate Backdated Payments to Inland Revenue Prefill.

IR4 Company Tax Returns

• Removing the non-resident insurer premiums disclosures. 

IR6 Trust Tax Returns

• Simplying trust disclosures for land and buildings and beneficiary current accounts.

IR7 Partnership Tax Returns

• Removing the PIE income disclosure. 

All forms

• Removing the "BEPS" reference from the "Is an additional disclosure required for CFC or FIF" question. 

The following returns are completed for 2025

• IR3NR
• IR4
• IR7
• IR8
• IR9

E-filing 2025 returns

E-filing for 2025 returns will be available around 1 April, when Inland Revenue opens the tax year. For guidance on filing a return early, visit this help page.

Fringe benefit tax returns

The following changes will be made in TaxLab before 1 April 2025:

• An adjusted alternate rate calculation method for 2024/25 and subsequent income years.
• Adding new standard thresholds for 2025/26 and subsequent income years.