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New Zealand - Overview and introduction

New Zealand - Overview and introduction

Taxation of international executives

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Individuals are subject to income tax on worldwide income whilst tax resident in New Zealand. All worldwide income of a tax resident in New Zealand is taken into account in determining their effective rates of tax. The tax rates for the 2019 income year are 10.5 percent on income up to 14,000 New Zealand dollar (NZD), 17.5 percent on taxable income between NZD14,001 and NZD48,000, 30 percent on taxable income between NZD48,001 and NZD70,000 and 33 percent on taxable income over NZD70,001.

The official currency of New Zealand is the New Zealand dollar (NZD).

Herein, the host country/jurisdiction refers to the country/jurisdiction to which the employee is assigned. The home country/jurisdiction refers to the country/jurisdiction where the assignee lives when they are not on assignment.

Disclaimer

All information contained in this publication is summarized by KPMG in New Zealand, the New Zealand member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. The information contained in this publication is based on the Income Tax Act 2007, Estate and Gift Duties Act 1968.

© 2021 KPMG, a New Zealand Partnership and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.


For more detail about the structure of the KPMG global organization please visit https://home.kpmg/governance.

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