Taxable income in New Zealand is based on the following:

• $0-$14 000=10.5%
• $14 001-$48 000=17.5%
• $48 001-$70 000=30%
• $70 000 and above=33%

company income is taxed at the rate of 28%

Non-resident tax withholding is a flat rate of 15%

tax year: Apr. 1- Mar. 31

• All taxes are due before July 7th to the Inland revenue department
• but there is an extension up until Mar. 31 the following year.

Tax are made in 3 installments:

• August 28
• January 15
• May 7

Capital gains: generally not on New Zealand investments but applies to foreign debt and equity investments.

Income from overseas investments or pensions can be exempted from New Zealand tax for your first 4 years of living there, if you are obliged for transitional tax resident status.

source: Inland Revenue Department

• 27271005 (PM Molefe)
• 26913534 (TL Masiangwako)