Gross and Net Income
|Net Income||Please enter salary|
Use the tax calculator above to quickly find out how much tax you will need to pay on your income. Simply enter your annual or monthly gross salary to get a breakdown of your taxes and your take-home pay.
- Gross Income
- is the sum of all your earnings before any taxes have been deducted, minus any exemptions.
- Net Income
- is the money you take home after all taxes and contributions have been deducted from your gross salary.
|Accident Compensation Corporation (ACC)|
|Tax due||Please enter salary|
- Tax due
- is the sum of all taxes and contributions that will be deducted from your gross salary.
The deductions used in the above tax calculator assume you are not married and you have no dependants.
Taxation in New Zealand
- Income Tax
- is a gradual tax that has four brackets. The income tax in New Zealand starts at 10.5% for incomes up to 14,000 NZD and ends at 33% for wages greater than 70,000 NZD. The taxes are collected at a national level by the Inland Revenue Department (IRD) on behalf of the Government of New Zealand.
- Accident Compensation Corporation (ACC)
- is payed by all employees in order to cover the cost of non-work related injuries. It is collected by the Inland Revenue and it is 1.45% of your income.
The information presented here is based on the fiscal regulations in New Zealand in 2019. Visit ird.govt.nz for more details.
Financial Facts about New Zealand
The average monthly net salary in New Zealand (NZ) is around 3 117 NZD, with a minimum income of 2 157 NZD per month. This places New Zealand on the 22nd place in the International Labour Organisation statistics for 2012.
Employers in New Zealand usually deduct the relevant amount of tax from the salary through a pay-as-you-earn (PAYE) system. Taxes are deducted from the gross monthly salary and paid to the Inland Revenue Department (IRD) on behalf of the employee. The taxes include a progressive Income Tax and an Accident Compensation Corporation (ACC) levy.
New Zealand performs very well in many aspects regarding the well-being of its residents, occupying the 7th place in the Human Development Index (HDI) published by the United Nations in 2013. At the same time, NZ is also regarded as the least corrupt country in the world, according to the Transparency International corruption perceptions index (CPI) of 2011.
Tourism plays a significant role in New Zealand's economy, with more than 3 million tourists visiting the country every year. The Travel and Tourism Competitiveness Report published by the World Economic Forum in 2013 evaluates New Zealand as the second most friendly country in the world, after Iceland.