From 31 July 2024, income tax thresholds will increase. Increasing PIT thresholds reduces income tax for people receiving over $14,000 of income per annum. The ...

There are five PAYE income tax brackets - we explain what they are, how they work and how they affect your take home pay.

Existing tax thresholds. Possible tax thresholds. Tax rate ; Up to $14,000. Up to $15,600. 10.5% ; $14,001 - $48,000. $15,601 - $53,500. 17.5% ; $48,001 - $70,000.

New Zealand ranks 3rd overall on the 2024 International Tax Competitiveness Index. Explore the latest New Zealand tax rates and rankings.

Income Tax, RWT, and NRWT ; 2023/24 tax year, 33% ; 2024/25 tax year, 39% ; - except for some special trusts, still at the 33% rate ; - except for estates for the ...

4 июн. 2024 г. · 2024–2025 tax year (1 April 2024 — 31 March 2025) ; Range of dollar in all-inclusive pay (NZ$). Tax rate ; $0-$12,530. 11.73% ; $12,531 - $40,580.

Households with children will benefit by $78 per fortnight on average. Overall, around 1.9 million households will benefit by $60 per fortnight on average.

A resident of New Zealand is subject to tax on worldwide income. A non-resident is subject to tax only on income from sources in New Zealand.

GST is charged at the rate of 15% on taxable supplies made in New Zealand. To find the GST component of a GST inclusive amount, multiply by 3/23. Non-resident ...