Facts
- Combined corporate income tax rate
- 28.0 % (2023)
- Top statutory personal income tax rate
- 39.0 % (2022)
- Tax revenue, % of GDP
- 29.5 % (2024)
- Top marginal rate incl. employee social security
- 39.0 % (2022)
- OECD member
- Yes
- Corporate income tax rate, central government
- 28.0 % (2023)
- Central CIT rate net of sub-central deduction
- 28.0 % (2023)
- Top marginal income tax rate (PIT only)
- 39.0 % (2022)
- Top rate threshold, × average wage
- 2.55× (2022)
- Average annual wage, US$ PPP
- $49,371 (2022)
- Average annual wage, national currency
- 70,588 (2022)
- Tax revenue level
- 25% of GDP or more
- Taxes on income, profits and capital gains, % of revenue
- 66.0 % (2024)
- Taxes on goods and services, % of value added
- 9.9 % (2023)
- ISO code
- NZL
Sources: OECD Corporate Tax Statistics, OECD Tax Database, World Bank WDI (CC BY 4.0)
Corporate income tax rate, central government
| Period | Value |
|---|---|
| 2023 | 28.0 % |
| 2022 | 28.0 % |
| 2021 | 28.0 % |
| 2020 | 28.0 % |
| 2019 | 28.0 % |
| 2018 | 28.0 % |
| 2017 | 28.0 % |
| 2016 | 28.0 % |
| 2015 | 28.0 % |
| 2014 | 28.0 % |
| 2013 | 28.0 % |
| 2012 | 28.0 % |
Combined corporate income tax rate
| Period | Value |
|---|---|
| 2023 | 28.0 % |
| 2022 | 28.0 % |
| 2021 | 28.0 % |
| 2020 | 28.0 % |
| 2019 | 28.0 % |
| 2018 | 28.0 % |
| 2017 | 28.0 % |
| 2016 | 28.0 % |
| 2015 | 28.0 % |
| 2014 | 28.0 % |
| 2013 | 28.0 % |
| 2012 | 28.0 % |
Tax revenue, % of GDP
| Period | Value |
|---|---|
| 2024 | 29.5 % |
| 2023 | 28.1 % |
| 2022 | 29.2 % |
| 2021 | 29.0 % |
| 2020 | 27.3 % |
| 2019 | 28.3 % |
| 2018 | 27.5 % |
| 2017 | 27.3 % |
| 2016 | 27.3 % |
| 2015 | 27.4 % |
| 2014 | 26.8 % |
| 2013 | 26.7 % |
Taxes on income, profits and capital gains, % of revenue
| Period | Value |
|---|---|
| 2024 | 66.0 % |
| 2023 | 65.7 % |
| 2022 | 66.4 % |
| 2021 | 62.6 % |
| 2020 | 62.3 % |
| 2019 | 63.0 % |
| 2018 | 62.3 % |
| 2017 | 62.4 % |
| 2016 | 61.9 % |
| 2015 | 61.7 % |
| 2014 | 61.4 % |
| 2013 | 61.4 % |
Average annual wage, US$ PPP
| Period | Value |
|---|---|
| 2022 | $49,371 |
| 2021 | $46,132 |
| 2020 | $44,966 |
| 2019 | $43,874 |
| 2018 | $43,117 |
| 2017 | $41,722 |
| 2016 | $40,428 |
| 2015 | $38,199 |
| 2014 | $38,260 |
| 2013 | $37,062 |
| 2012 | $34,553 |
| 2011 | $33,425 |
Top marginal rate incl. employee social security
| Period | Value |
|---|---|
| 2022 | 39.0 % |
| 2021 | 39.0 % |
| 2020 | 33.0 % |
| 2019 | 33.0 % |
| 2018 | 33.0 % |
| 2017 | 33.0 % |
| 2016 | 33.0 % |
| 2015 | 33.0 % |
| 2014 | 33.0 % |
| 2013 | 33.0 % |
| 2012 | 33.0 % |
| 2011 | 33.0 % |
Year by year · 24
| Country-year | Combined corporate income tax rate | Top statutory personal income tax rate | Tax revenue, % of GDP |
|---|---|---|---|
| New Zealand 2023 | 28.0 % | — | 28.1 % |
| New Zealand 2022 | 28.0 % | 39.0 % | — |
| New Zealand 2021 | 28.0 % | 39.0 % | — |
| New Zealand 2020 | 28.0 % | 33.0 % | — |
| New Zealand 2019 | 28.0 % | 33.0 % | — |
| New Zealand 2018 | 28.0 % | 33.0 % | — |
| New Zealand 2017 | 28.0 % | 33.0 % | — |
| New Zealand 2016 | 28.0 % | 33.0 % | — |
| New Zealand 2015 | 28.0 % | 33.0 % | — |
| New Zealand 2014 | 28.0 % | 33.0 % | — |
| New Zealand 2013 | 28.0 % | 33.0 % | — |
| New Zealand 2012 | 28.0 % | 33.0 % | — |
| New Zealand 2011 | 28.0 % | 33.0 % | — |
| New Zealand 2010 | 30.0 % | 35.5 % | — |
| New Zealand 2009 | 30.0 % | 38.0 % | — |
| New Zealand 2008 | 30.0 % | 39.0 % | — |
| New Zealand 2007 | 33.0 % | 39.0 % | — |
| New Zealand 2006 | 33.0 % | 39.0 % | — |
| New Zealand 2005 | 33.0 % | 39.0 % | — |
| New Zealand 2004 | 33.0 % | 39.0 % | — |
| New Zealand 2003 | 33.0 % | 39.0 % | — |
| New Zealand 2002 | 33.0 % | 39.0 % | — |
| New Zealand 2001 | 33.0 % | 39.0 % | — |
| New Zealand 2000 | 33.0 % | 39.0 % | — |