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comparing tax in new zealand with japan

New ZealandJapanDifference in Japan
Gross Income 62,275.89 NZD / 30,000.00 GBP 5,720,179.50 JPY / 30,000.00 GBP - 0.00 GBP
Tax Due 12,568.40 NZD / 6,054.54 GBP 1,529,653.22 JPY / 8,022.40 GBP + 1,967.86 GBP
Net Income 49,707.49 NZD / 23,945.46 GBP 4,190,526.28 JPY / 21,977.59 GBP - 1,967.86 GBP
Overall Tax Rate 20.2 % 26.7 % + 6.50 %.

Figures based upon 1 NZD = 0.48172736 GBP.

Figures based upon 1 JPY = 0.00524459 GBP.

In New Zealand, an income of 62,275.89 NZD / 30,000.00 GBP is more than the lowest average advertised salary of 25,000.00 NZD / 12,043.18 GBP and more than the country's average income of 62,200.00 NZD / 29,963.44 GBP.

In Japan, an income of 5,720,179.50 JPY / 30,000.00 GBP is more than the lowest average advertised salary of 1,530,000.00 JPY / 8,024.22 GBP and more than the country's average income of 5,400,000.00 JPY / 28,320.79 GBP.

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

New ZealandJapanDifference in Japan
Water Bottle (1.5L) 1.84 NZD / 0.89 GBP 130.33 JPY / 0.68 GBP - 0.21 GBP
Milk Bottle (1L) 2.68 NZD / 1.29 GBP 183.91 JPY / 0.96 GBP - 0.33 GBP
Pint of Beer 8.00 NZD / 3.85 GBP 400.00 JPY / 2.10 GBP - 1.75 GBP
Bread (500g) 2.21 NZD / 1.06 GBP 195.41 JPY / 1.02 GBP - 0.04 GBP
Chicken Breasts (1kg) 12.45 NZD / 6.00 GBP 776.04 JPY / 4.07 GBP - 1.93 GBP
Petrol UK Gallon 10.00 NZD / 4.82 GBP 645.71 JPY / 3.39 GBP - 1.43 GBP
Volkswagen Golf or Equivalent 34,990.00 NZD / 16,855.64 GBP 2,534,500.00 JPY / 13,292.41 GBP - 3,563.22 GBP
Broadband Internet Monthly 84.49 NZD / 40.70 GBP 4,665.89 JPY / 24.47 GBP - 16.23 GBP
Rent One Bedroom Apt. In City (Monthly) 1,478.20 NZD / 712.09 GBP 86,722.76 JPY / 454.83 GBP - 257.26 GBP
Purchase One Bedroom Apt. In City 235,337.90 NZD / 113,368.71 GBP 30,368,158.80 JPY / 159,268.54 GBP + 45,899.86 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: XE.com (Currency Conversion).

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

Source: Numbeo.com (Cost of living).

Part of Asia, Japan covers an area of 364,503 square kilometers.

Japan has a Gross Domestic Product (PPP) of 4,931.88 (\$ Billion) from a population of 126,045,211.

A progressive tax system spread over 7 bands - ranging from 5% to 45%.

Tax bands are as follow:

Below 1950000 JPY - 5%

Between 1950000 JPY and 3300000 JPY - 10%.

Between 3300000 JPY and 6950000 JPY - 20%.

Between 6950000 JPY and 9000000 JPY - 23%.

Between 9000000 JPY and 18000000 JPY - 33%.

Between 18000000 JPY and 40000000 JPY - 40%.

Above 40000000 JPY - 45%.

A surcharge is applicable of 2.1% on the calculated national income tax.

A local inhabitant's income tax is also imposed at a 10% flat rate on taxable income.

Employee's can use an earned income deduction to reduce the amount taxable - this is based on a scale.

Residents receive a national and local personal tax exemption this is on a scale from 480,000 JPY to 0 JPY.

Social insurance premiums in Tokyo charged on gross income are: Health 4.98% (Capped at 16.68M JPY of gross income), Welfare and Pension 9.091% (Capped at 7.44M JPY of gross income), Unemployment 0.85% (not capped).

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 Japan 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 Japan'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!

References

Source: https://www.ato.gov.au.

* calculations are currently based on the 2019 tax rules, rates and allowances for comparable single individuals in each country.

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