Minimum Wage Rate
From 1 April 2017, the minimum wage increased to $15.75 per hour, up from the previous rate of $15.25.
All employees must be paid at least the minimum wage for every hour they work. This applies to both salaried and wage employees.
Changes to Deductibility of Farm House Expenses for the 2018 Income Tax year onwards
The Inland Revenue has changed the deduction on farm house expenses reducing from 25% to 20%.
The deductibility now depends on the value of the farm house relative to the total farm.