Income Tax in 🇳🇿 New Zealand

Tax brackets, effective rates, and net income calculations. Data from official government sources.

The Taxation Score of 38/100 reveals a significant tax burden. Tax revenue constitutes 32% of GDP, and the corporate tax rate is 28%, while VAT is 15%. Individual income tax brackets ascend sharply, with the highest rate at 39% for incomes over $180,000 and even $70,000 falling into the 33% bracket. The absence of social contributions is a mitigating factor, but overall, net income will be considerably impacted by statutory deductions.