UKTaxCalculators World

new zealand tax calculator

Gross Income: 62,200.00 NZD / 62,200.00 NZD
Tax Due: 12,544.58 NZD / 12,544.58 NZD
Net income: 49,655.42 NZD / 49,655.42 NZD
Overall Tax Rate: 20.2 %

Figures based upon 1 NZD = 1 NZD.

In New Zealand, an income of 62,200.00 NZD / 62,200.00 NZD is more than the lowest average advertised salary of 25,000.00 NZD / 25,000.00 NZD and less than the country's average income of 62,200.00 NZD / 62,200.00 NZD.

Why not compare the taxation and buying power of New Zealand with another country? click here.

Here are how much some common purchases cost in New Zealand:

Water Bottle (1.5L) : 1.84 NZD / 1.84 NZD (Price in New Zealand converted to NZD)

Milk Bottle (1L) : 2.68 NZD / 2.68 NZD (Price in New Zealand converted to NZD)

Pint of Beer : 8.00 NZD / 8.00 NZD (Price in New Zealand converted to NZD)

Bread (500g) : 2.21 NZD / 2.21 NZD (Price in New Zealand converted to NZD)

Chicken Breasts (1kg) : 12.45 NZD / 12.45 NZD (Price in New Zealand converted to NZD)

Petrol UK Gallon : 10.00 NZD / 10.00 NZD (Price in New Zealand converted to NZD)

Volkswagen Golf or Equivalent : 34,990.00 NZD / 34,990.00 NZD (Price in New Zealand converted to NZD)

Broadband Internet Monthly : 84.49 NZD / 84.49 NZD (Price in New Zealand converted to NZD)

Rent One Bedroom Apt. In City (Monthly) : 1,478.20 NZD / 1,478.20 NZD (Price in New Zealand converted to NZD)

Purchase One Bedroom Apt. In City : 235,337.90 NZD / 235,337.90 NZD (Price in New Zealand converted to NZD)

Part of Oceania, New Zealand covers an area of 263,135 square kilometers.

New Zealand has a Gross Domestic Product (PPP) of 174.85 ($ Billion) from a population of 4,604,871.

A progressive tax system spread over 4 bands - ranging from 10.5% to 33%.

Tax bands are as follow:

Below 14000 NZD - 10.5%

Between 14000 NZD and 48000 NZD - 17.5%.

Between 48000 NZD and 70000 NZD - 30%.

Above 70000 NZD - 33%.

Statutory accident insurance is payable at a rate of 1.39% of gross income - capped to 126,286 NZD of income.

There is a personal tax credit available for incomes between 24,000 NZD and 48,000 NZD of 520 NZD. This is reduced by 13 cents for each dollar over 44,000 NZD.

Source: http://www.ird.govt.nz/how-to/taxrates-codes/rates/itaxsalaryandwage-incometaxrates.html.

Source: XE.com (Currency Conversion).

Source: SalaryExplorer.com (Averages from average salaries in major job categories).

Source: Numbeo.com (Cost of living).

Help

This calculator allows you to calculate income taxes and social contributions equivalent for New Zealand. You can choose the preferred currency for the input amounts and displayed calculation. For example: If you choose NZD as your preferred currency, then the income entered will be converted to New Zealand's native currency for the calculation so that correct income equivalent is used. The results will then be shown in NZD and your chosen currency.

How we calculate world taxes

We have trawled through the quagmire of tax legislation for 16 of the World's major economies and created a comparable position as close to the UK's PAYE (Pay As You Earn) system for employed people.

We look at each country's taxation for employed people, as well as things like medical care which are part of social contributions for some countries or require mandatory purchase of health insurance.

Combining this information lets us calculate taxes for each of the 16 countries and then do not only a taxation comparison but also a comparison of buying power based upon commonly purchased items.

It is quick and easy to use and you can get a detailed result at the click/tap of a button!

We currently support the following countries - by clicking on the links below you can just do an individual tax calculation for those countries - or scroll up and compare tax between two countries directly!

You can also compare tax using these examples:

Help - find relevant tax tools and calculators - go back to top

Answer a few questions below and we will list relevant tax calculators and tools that can help you organise, budget and ultimately save you money!
are you an employee?

What features would you like to see on UKTaxCalculators.co.uk?

Share your ideas/comments with us below - it's easy! No need to register, just enter your comment and click add!

Something went wrong when submitting your suggestion, please try again!

© Copyright 2008-2019 - UKTaxCalculators.co.uk - Free UK Tax Calculators for any income type!

Code and design by Ray Arman

Code and design by Ray Arman (RayArman.co.uk)

By using this site, you agree we can set and use cookies. For more details of these cookies and how to disable them, see our cookie policy.

Remember, we do our best to make sure our systems are up to date and error free. However, all calculations provided are estimates based upon information you provide. We do not accept liability for any errors or omissions, please read our disclaimer and terms and conditions of use.

UK Tax Calculators - Proud to be part of data.gov.uk - Opening Up Government

To get in touch, email: info@uktaxcalculators.co.uk

view full website

go to top of page