Current New Zealand Income Tax Rates
|tax rate||on annual earnings|
|10.5%||up to $14,000|
|17.5%||between $14,001 and $48,000|
|30.0%||between $48,001 and $70,000|
Tax rates Articles
The 2010 Budget has delivered substantial income tax rate cuts across the board, including a drop in the top tax rate to 33%. Changes come into effect as of 1 October 2010.
Changes to personal tax rates and income thresholds are coming into effect as of the tax year beginning 1 April 2009.
A new set of personal tax rates are to be introduced as of 1 October 2008, along with increases in the tax bands from April 2010 and April 2011.
Base tax rates on income for New Zealand residents is currently as follows...