the new zealand tax system
Personal tax rates
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%.