The tax you will pay

New Zealand operates a progressive tax system with your tax assessed according to one or more of the following thresholds:

 Taxable income Tax rate for every $1 of  
 taxable income (NZD$)
 Up to 14,000 12.5 cent
 14,001 – 40,000 21 cents
 40,001 - 70,000       33 cents
 Over 70,000 39 cents
 No declaration 45 cents

 

An additional 1.4% of tax is charged as an ‘ACC Levy’.  This is the cost to fund the Accident Compensation Corporation.

To find out more information on tax rates in New Zealand go to the Inland Revenue Department website.

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