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Income tax rates are the percentages of tax that you must pay. The rates are based on your total income for the tax year. Your income could include: salary or wages; a Work and Income benefit; schedular payments; interest from a bank account or investment; earnings from self-employment; money from renting out property; overseas income.
New Zealand PAYE Tax Rates 2024 & 2025. There are five PAYE income tax brackets - we explain what they are, how they work and how they affect your take home pay. Updated 6 September 2024. There are five PAYE tax brackets for the 2024-2025 and 2023-2024 tax years: 10.50%, 17.50%, 30%, 33% and 39%.
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. Personal income tax rates. Individual tax rates have recently been modified:
Tax codes and tax rates for individuals. Tax codes help your employer (or whoever pays you) work out how much tax to deduct from your pay, benefit or pension. Tax rates are used to work out how much tax you need to pay on your total income for the year, from all sources.
Find out how income is taxed, about tax codes and rates, what happens at the end of the tax year, types of individual income, expenses and tax credits, and other tax information for individuals.
Tax stats 2024/2025 is a guide to key New Zealand tax stats, tax rates and facts. Find key information you need regarding tax in New Zealand here.
Review the latest income tax rates, thresholds and personal allowances in New Zealand which are used to calculate salary after tax when factoring in social security contributions, pension contributions and other salary taxes in New Zealand.