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comparing new zealand and china

New ZealandChinaDifference in China
Gross Income 57,789.21 NZD / 30,000.00 GBP 265,192.95 CNY / 30,000.00 GBP - 0.00 GBP
Tax Due 11,160.03 NZD / 5,793.48 GBP 69,250.24 CNY / 7,833.95 GBP + 2,040.47 GBP
Net Income 46,629.18 NZD / 24,206.52 GBP 195,942.71 CNY / 22,166.05 GBP - 2,040.47 GBP
Overall Tax Rate 19.3 % 26.1 % + 6.80 %.

Figures based upon 1 NZD = 0.51912805 GBP.

Figures based upon 1 CNY = 0.11312518 GBP.

In New Zealand, an income of 57,789.21 NZD / 30,000.00 GBP is more than the lowest average advertised salary of 25,000.00 NZD / 12,978.20 GBP and less than the country's average income of 62,200.00 NZD / 32,289.76 GBP.

In China, an income of 265,192.95 CNY / 30,000.00 GBP is more than the lowest average advertised salary of 66,000.00 CNY / 7,466.26 GBP and more than the country's average income of 240,000.00 CNY / 27,150.04 GBP.

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

New ZealandChinaDifference in China
Water Bottle (1.5L) 1.97 NZD / 1.02 GBP 3.62 CNY / 0.41 GBP - 0.61 GBP
Milk Bottle (1L) 2.53 NZD / 1.31 GBP 12.76 CNY / 1.44 GBP + 0.13 GBP
Pint of Beer 8.00 NZD / 4.15 GBP 6.00 CNY / 0.68 GBP - 3.47 GBP
Bread (500g) 2.25 NZD / 1.17 GBP 9.35 CNY / 1.06 GBP - 0.11 GBP
Chicken Breasts (1kg) 13.73 NZD / 7.13 GBP 24.52 CNY / 2.77 GBP - 4.36 GBP
Petrol UK Gallon 8.64 NZD / 4.49 GBP 29.09 CNY / 3.29 GBP - 1.19 GBP
Volkswagen Golf or Equivalent 32,000.00 NZD / 16,612.10 GBP 150,000.00 CNY / 16,968.78 GBP + 356.68 GBP
Broadband Internet Monthly 83.97 NZD / 43.59 GBP 98.39 CNY / 11.13 GBP - 32.46 GBP
Rent One Bedroom Apt. In City (Monthly) 1,389.75 NZD / 721.46 GBP 3,398.33 CNY / 384.44 GBP - 337.02 GBP
Purchase One Bedroom Apt. In City 204,865.50 NZD / 106,351.43 GBP 1,468,275.20 CNY / 166,098.90 GBP + 59,747.47 GBP

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).

Part of Asia, China covers an area of 9,386,293 square kilometers.

China has a Gross Domestic Product (PPP) of 21,269.02 ($ Billion) from a population of 1,388,232,693.

A progressive tax system spread over 7 bands - ranging from 3% to 45%.

Tax bands are as follow:

Below 18000 CNY - 0%

Between 18000 CNY and 54000 CNY - 10%.

Between 54000 CNY and 108000 CNY - 20%.

Between 108000 CNY and 420000 CNY - 25%.

Between 420000 CNY and 660000 CNY - 30%.

Between 660000 CNY and 960000 CNY - 35%.

Above 960000 CNY - 45%.

A standard personal allowance is available of 42,000 CNY.

Social security contributions (Beijing): Pension 8%, Medical 2% + 36 CNY, Unemployment 0.2%. Total 10.2% + 36 CNY. Capped at 26,052 CNY.

Source: http://www.chinatax.gov.cn/2013/n2925/.

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 and China and allow comparison between both. You can choose the preferred currency for the input amounts and displayed calculation. For example: If you choose GBP as your preferred currency, then the income entered will be converted to New Zealand's and China's native currencies for the calculation so that correct income equivalent is used. The results will then be shown in the native currencies and GBP.

How we compare 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!

Compare tax using these examples:

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!

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