New Zealand Parliament passes bill to raise tax-exempt thresholds for employee share schemes in tech startups.

New Zealand's Parliament has passed the first reading of a bill that increases tax-exempt thresholds for employee share schemes, aimed at supporting technology startups. The proposed changes will raise the maximum annual share value from $5,000 to $7,500 and increase the maximum employer discount from $2,000 to $3,000. These adjustments, effective April 1, 2025, are intended to enhance recruitment and stimulate growth in early-stage companies.