Tax Facts
Current Income Tax Rates
Current Income Tax Rates
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Individuals
The basic rate of tax (before allowing for credits and excluding ACC earner premiums) that apply to individuals for the 2012/2012 income year...
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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 made in the budget 2012 will come into effect 1 April 2013
The minimum contribution rate for employers and employees increases from 2% to 3%...
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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...
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Livestock Determinations
National average market values of specified livestock determinations 2011...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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Tax Credits - donations
Tax Credits - Donations
Tax credits are no longer available for childcare and/or housekeeper as announced in the 2012 budget
Tax Credit Claim Form for Individuals
Tax credits can...
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Return to Taxation
