Tax Facts
Personal Income Tax Rates
Personal Income Tax Rates
The basic rate of tax (before allowing for credits and excluding ACC earner premiums) that apply to individuals for the 2011/2012 income...
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Provisional Tax
Provisional Tax
Provisional Tax is not a separate tax but a way of paying your income tax as the income is received through the year. You...
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Goods and Services Tax
Goods and Services Tax
GST is a tax on the supply of goods and services in New Zealand by a registered person on any taxable activity...
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PAYE on Salaries & Wages
PAYE on Salaries & Wages
Pay As You Pay As You Earn (PAYE) is the basic tax taken out of your employees' salary or wages. The...
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KiwiSaver
KiwiSaver
Tax Changes 1st April 2012
Government contribution to half contributing 50c for every $1 contributed by individual, to a maximum of $521.43...
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Working For Families Tax Credit
Working for Families Tax Credit (WFTC)
Tax Changes April 2012
The allowance currently reduces when you earn $36,827 or over. This amount will reduce...
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Depreciation Allowances
Depreciation Allowances
Depreciation allows for the wear and tear on a fixed asset and must be deducted from your income.
Generally you must claim depreciation on fixed...
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Entertainment
Entertainment
Entertainment expenditure is limited to a 50% deduction if it falls within the following:
Corporate Boxes
Holiday Accommodation
...
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Fringe Benefit Tax
Fringe Benefit Tax
FBT is a tax on benefits that employees receive as a result of their employment, including those benefits provided through someone other than an...
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Gift Duty
Gift Duty
Gift Duty will be abolished from 1st October 2011
From 1st October there will no longer be any tax to pay on ‘gifting’ to another...
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GST & E-Commerce
GST & E-Commerce
Sale of Physical Goods via the Internet
If a GST-registered person sells goods via the internet and the goods are physically supplied...
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Livestock Determinations
National average market values of specified livestock determinations 2011...click here....
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Student Loans
Gain the maximum entitlements as a student.
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Resident Withholding Tax (RWT)
Resident Withholding Tax (RWT)
Resident Withholding Tax (RWT) is a tax deducted on interest earned from investments and bank accounts. The investment organisation or bank...
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Tax Credits (formerly Rebates)
Tax Credits (formerly Rebates)
Tax credits can be claimed by individuals (not companies, trusts or partnerships) who:
Earned taxable income during the period...
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