Tax Brackets in New Zealand
New Zealand has the following income tax brackets (as of 1 October 2010). All values in New Zealand dollars, with the ACC Earners' levy not included.
- 10.5% up to $14,000
- 17.5% from $14,001 to $48,000
- 30% $48,001 to $70,000
- 33% over $70,000
- 45% when the employee does not complete a declaration form (IR330)
ACC Earners' Levy for the 2010 tax year is 2.0%, an increase from 1.7% in the 2008 tax year.
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