The New Zealand Tax System
Personal tax rates
If have a job and you earn income from salary, wages, benefits or taxable pensions, your tax will automatically be deducted under the PAYE (pay as you earn) system.
PAYE is the tax your employer deducts from your salary and wages. It includes:
- the tax rate for your income, and
- an ACC earners’ levy
This means when you get your weekly, fortnightly, or monthly pay, your tax has already been deducted from it.
New Zealand income tax rates © Inland Revenue Department
Company tax rate
Profit from a business is taxed at a flat rate of 28%.