|Taxable Income ($)||Tax Rate|
|0 to $14,000||10.50%|
|$14,001 to $48,000||17.50%|
|$48,001 to $70,000||30.00%|
|Tax Code||Tax Rate|
Tax Rate for Non Residents
- 20% irrespective of providing IR330C
Capital gain tax is generally not there on New Zealand investments but applies to foreign debt and equity investments.
|Standard income tax rate on corporations||28%|
10% of general insurance premiums paid to non-residents are deemed to have a New Zealand source and are therefore taxable at the 28% rate.