Taxation
New Zealand - Inland Revenue
The Inland Revenue (IRD) is responsible for taxation in New Zealand. All employees are required to have an IRD number. Tax numbers can only be applied for on arrival to New Zealand. Application forms are available from post offices and post shops. The New Zealand tax year runs from 1 April to 31 March.
Tax rates vary depending on your earnings. Below are the current (as at June 2009) tax rates:-
| Taxable Income |
PAYE rate for every $1 of taxable income (excl ACC earners' levy) |
PAYE rate for every $1 of taxable income (excl ACC earners' levy*) |
| up to $14,000 | 12.5 cents | 14.2 cents |
| $14,001 to $48,000 | 21 cents | 22.7 cents |
| $48,001 to $70,000 | 33 cents | 34.7 cents |
| $70,001 and over | 38 cents | 39.7 cents |
| No notification** | 45 cents | 46.7 cents |
* The earners' levy rate for the tax year 1 April 2009 to 31 March 2010 is 1.7% ($1.70 per $100)
** Employers are legally required to use the no notification rate when an employee does not fully complete the Tax code declaration (IR330). A completed form must include name, IRD number and tax code. The form must also be signed.
More information can be found at the IRD website - www.ird.govt.nz or please register now.
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