New Zealand’s top personal tax rate is 33% for income over NZ$70,000. At the other end of the scale, the tax rate is 10.5% on income up to $14,000. For full details, see ‘New Zealand tax at a glance’ below.

Companies and corporates are taxed at a flat rate of 28%.

New Zealand also has a tax on consumption called Goods and Services Tax (GST). It’s a flat rate tax, currently 15%, that is added to almost all purchases. However, you don’t pay GST on residential rents and financial services. Businesses can recover the GST they pay as an input cost.

A flat rate GST is simpler than the systems used in many other countries where similar taxes are applied at confusingly different levels for different products and services.