Taxes

Dayforce Release Notes version 2023.1.0 Patch 2

Version
R2023.1.0 Patch 2
Release Date
03/07/2023
Taxes
ID Description
1281722

Updated the ACC earners' levy rates for the 2022-2023 tax year.

The new ACC levy rate effective from 1 April 2023 is 1.53% and includes the following updates:

  • The maximum income threshold for the ACC levy is $139,384.
  • The student loan repayment threshold has been increased to $22,828.
1281723

New Zealand Inland Revenue Department (IRD) has published changes to the tax rates and student loan thresholds, effective 1 April 2023. These student loan rates for the 2022-2023 tax year were updated in Dayforce. There is no action required by customers.