Taxable Income ($) | Tax Rate |
0 to $22,000 | 10.50% |
$22,001 to $52,000 | 17.50% |
$52,001 to $70,000 | 30.00% |
Over $70,000 | 33.00% |
Secondary Tax
Tax Code | Tax Rate |
SB | 10.50% |
S | 17.50% |
SH | 30.00% |
ST | 33.00% |
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.
Description | Tax Rate |
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.