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Tax Facts

 

Current Income Tax Rates

Current Income Tax Rates . Individuals The basic rate of tax (before allowing for credits and excluding ACC earner premiums) that apply to individuals: ...
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Provisional Tax

Provisional Tax Provisional Tax is a way of paying your income tax as the income is received through the year. You make provisional instalments of income...
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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 Earn (PAYE) is the basic tax taken out of your employees' salary or wages. The amount of PAYE you...
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KiwiSaver

KiwiSaver Changes that came into effect 1 April 2013 The minimum contribution rate for employers and employees increased from 2% to 3% of gross salary or wages...
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Working For Families Tax Credit

Working for Families Tax Credit (WFTC)   The allowance currently reduces when you earn $36,350 or over.  This amount will reduce to $35,000. For...
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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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Building Depreciation

Building Depreciation Effective for 2012 financial year depreciation on buildings with an estimated useful life of over 50 years will cease. Examples of Buildings with an estimated...
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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 was abolished on 1st October 2011 From 1st October there will no longer be any tax to pay on ‘gifting’ to another person or...
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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...
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Livestock Determinations

National average market values of specified livestock determinations 2013...click here. ...
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Student Loans & allowances

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 deducts...
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