New Zealand Income Tax Rates 2026: Personal and Company Tax
A practical guide to New Zealand individual income tax brackets, company taxation and the historical rates applicable in 2013.
Updated October 2026. Individual brackets below apply from 1 April 2025. Rates are marginal: only income within each band is taxed at that band's rate. Amounts are in New Zealand dollars (NZD).
Personal income tax rates in New Zealand
Under the Income Tax Act 2007, New Zealand uses progressive income tax rates. Schedule 1 sets out annual income tax rates. The following brackets are published by Inland Revenue for income earned from 1 April 2025.
| Annual taxable income (NZD) | Marginal tax rate |
|---|---|
| $0 to $15,600 | 10.5% |
| $15,601 to $53,500 | 17.5% |
| $53,501 to $78,100 | 30% |
| $78,101 to $180,000 | 33% |
| Over $180,000 | 39% |
For example, an individual earning $60,000 does not pay 30% on the entire amount: the first $15,600 is taxed at 10.5%, the next $37,900 at 17.5%, and the remaining $6,500 at 30%. This produces $10,223.50 of income tax before any applicable credits, ACC levies or other adjustments.
Official reference: Inland Revenue - tax rates for individuals.
Company income tax rate in New Zealand
Most New Zealand companies pay income tax at a flat 28% on taxable profit, rather than on gross revenue. The rate is prescribed under the Income Tax Act 2007, Schedule 1, Part A. Deductible business expenditure and other statutory adjustments determine taxable income.
| Business category | Income tax treatment |
|---|---|
| Most companies | 28% of taxable profit |
| Self-employed individuals | Individual marginal tax rates |
| Maori authorities | 17.5% (special regime) |
For example, taxable company profit of $100,000 generally produces $28,000 in company income tax, before relevant tax credits and adjustments. Company shareholders may have separate tax consequences when dividends are distributed, with imputation credits potentially recognising company tax already paid.
Official reference: Inland Revenue - business tax rates.
Tax law and payment obligations
The Income Tax Act 2007 establishes income tax liabilities, rates and key income and deduction rules. The Tax Administration Act 1994 governs important administrative matters, including tax returns, assessments and compliance. Businesses may need to pay provisional tax during the year; GST, PAYE and ACC obligations are separate from the headline income tax rates.
Read the official Income Tax Act 2007 and Tax Administration Act 1994.
Historical New Zealand personal tax rates in 2013
The original article covered the 2013 tax year. These historical rates are retained for comparison and must not be used as current personal tax rates.
| 2013 annual income band (NZD) | Historical rate |
|---|---|
| $0 to $14,000 | 10.5% |
| Over $14,000 to $48,000 | 17.5% |
| Over $48,000 to $70,000 | 30% |
| Over $70,000 | 33% |
Historical company income tax rate in 2013
For the 2013 period, the general company income tax rate was 28%, applying to taxable company profits from the first dollar. The 28% company rate continues to apply to most companies.
Important guidance
Income tax calculations depend on the relevant income year, residency, taxable income, deductions, credits and applicable special regimes. These tables are general guidance and not a substitute for individual tax advice. Verify any changes, filing deadlines and tax obligations with Inland Revenue New Zealand before filing.