Tax Rates in New Zealand

Everything you need to know about Tax rates in New Zealand: this guide explains Goverment Tax, how it works, and the different rates that apply across New Zealand.

Tax Rates in New Zealand
Tax Rates in New Zealand

Tax Rates in New Zealand explained

The government's tax rates in New Zealand vary depending on your income. There are three main tax brackets: 10.5%, 17.5% and 30%. The highest rate of 30% applies to incomes over $70,000.

Tax is deducted from your salary or wages before you receive your pay. This is called PAYE (Pay As You Earn).

The tax you pay also depends on whether you are an employee or self-employed.

If you are an employee, your employer will deduct PAYE from your wages or salary and send it to Inland Revenue. If you are self-employed, you must file a tax return and pay any tax you owe yourself.

Inland Revenue also collects GST (Goods and Services Tax). This is a consumption tax of 15% on most goods and services in New Zealand.

You may also have to pay other taxes, such as fringe benefit tax and student loan repayments.

How to Calculate Tax in New Zealand?

To calculate income after tax in New Zealand, you can use the income after Tax calculator NZ.

How Can Tax Rates in New Zealand be Found?

Tax Rates in New Zealand can be found using the following search queries: Tax rates in New Zealand, Tax rates in NZ, New Zealand Tax rates, NZ Tax rates, Tax in New Zealand, Tax in NZ, Tax rate in New Zealand, and Tax rate in NZ.

We think these three links are helpful and related to the Tax Rates in New Zealand: Tax rates for individuals, Money & Taxes in New Zealand, and Taxation in New Zealand.