Reduction in New Zealand taxes
The newly formed NZ government has vowed to accelerate tax cuts in an effort to combat long-term recession. Tax rates will be dropping gradually to allow more resources to buyers, without hitting the budget too hard.
What this means for people going on working holiday visa to New Zealand is they may be left with more cash in the pocket, but may also find it harder to find jobs that are not recession-proof. Have you ever worked in New Zealand? If so, don't forget to apply for your New Zealand tax refund. The average refund we get back for New Zealand customers is $550.