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New Zealand

Paying Tax in New Zealand

It doesn’t matter where we live in the world, we all have to pay tax on our income. The tax system in New Zealand isn’t too complicated, but it’s always good to know what to expect. For further in depth information, it’s suggested you contact a New Zealand tax consultant.
In 2016, the New Zealand tax system was voted second in the developed world for its competitiveness and first for personal tax.

No Tax
• No inheritance tax
• No capital gains tax – except on some highly technical, special investments
• No state or local tax – except council levied property tax
• No payroll tax
• No social security tax
• No health care tax – except low levy for the accident compensation fund

All Income
It doesn’t matter which your income originates from, you are liable to pay tax on it in New Zealand, that includes pensions from other countries, rental income and interest on investments. You may be able to claim a credit for tax already paid in another country, to avoid you paying tax twice on the same income.

IRD Number
You will need to apply for an IRD number if you fall into one of the following categories: –
• You earn an income, no matter where it comes from
• You join Kiwisaver
• You apply for child support, a student loan or tax credits
• You file a tax return
• You buy or sell property in New Zealand
• You are self-employed

Details of how to apply for an IRD number, which varies depending on your status in New Zealand, can be found here. If you don’t have a tax number, you will be charged the highest tax rate.

Businesses and Employers
Details of tax laws and procedures for businesses and employers can be found here. This government site gives you detailed information on the tax implications and procedures for starting a business, running a business, doing business with Australia and the closing a business.

Tax Rates
The Inland Revenue site gives in depth information on tax rates in New Zealand. The rates for the 2017-2018 tax year are as follows: –

Taxable Income
Up to $14,000 – 10.5% Tax Rate
Over $14,000 and up to $48,000 – 17.5% Tax Rate
Over $48,000 and up to $70,000 – 30% Tax Rate
Remaining income over $70,000 – 33% Tax Rate

No-notification Rate
You must provide your employer with an R330 form. Failure to do so will mean that you’ll be taxed at a rate of 45%. What an incentive to get your IRD number.

Company Tax
Most companies pay tax at the end of the tax year at a flat rate of 28%. There are a few exceptions where tax is deducted directly from earning, such as those operating in agriculture, horticulture and the wine industry; companies involved in hired labour and non-resident contractors.

Four Years’ Tax Concession
Some new residents are eligible for transitional tax resident status which means they won’t pay tax on overseas pensions and investments for the first four years of living in New Zealand. Have a look at the New Zealand Government website to see all the options.

Government Sales Tax
GST, at a rate of 15%, is payable on most goods and services within New Zealand. Companies can claim back GST paid on input costs.

For detailed tax information, go to the Inland Revenue website.

Australia

Visas for Australia – Visitor, Student and Working Holiday Visas

25 September 2017

Australia

Visas for Australia – Working and Skilled Visas

18 September 2017

New Zealand

Moving your pets to New Zealand

11 September 2017

New Zealand

Buying Property in New Zealand

8 September 2017

Canada

Moving your pet to Canada

28 August 2017

Canada

Moving to Canada? Here’s what you need to know about Tax

21 August 2017

Our Credentials

As one of the leading Movers on a national and international scale, we pride ourselves on providing a professional and friendly service from our highly trained and competent team. We have been recognised by the networks below and we are, therefore, proud of our credentials.

Some of our Customer Reviews

Thank you and everybody involved, you are an excellent team and an absolute pleasure to deal with.

J.D. Liverpool, UK to Toronto, Canada -
July 2016

My whole experience with John Mason's has been very good, from having Tony surveying till today with the container being packed, I will definitely recommend John Mason to provide removal services.

M.H. South Shields, UK to Perth, Australia – July 2016

Thanks Suzanne for all your help – it’s not easy trying to sort things out from such a long distance away and you’ve been superb! Thank you!

C.H. Warrington, UK to Edmonton, Canada - August 2016

About us