Wondering what the tax system is like in New Zealand?
Check out our top 17 New Zealand tax facts below:
1. You are a non-resident for tax purposes in New Zealand if you stay less than 183 days in any 12-month period and don’t have an “enduring relationship” with New Zealand.
2. If you want to work in New Zealand, you should apply for an IRD number. You can apply for one here.
3. Without an IRD, your income will be taxed at the highest rate possible
4. A non-resident is only taxed on income from New Zealand sources.
The average New Zealand tax refund is $550
5. New Zealand residents are taxed on their worldwide income.
6. The New Zealand tax year runs from April 1st to March 31st of the following year.
7. You’ll need your Summary of Earnings or final payslip to apply for a tax refund.
8. You can go back as far as 2004 for your New Zealand tax refund.
9. There is no payroll tax in New Zealand.
10. No social security tax.
11. No inheritance tax.
12. No state/local tax.
13. No capital gains tax (only on certain particular forms of investments).
14. No healthcare tax (only very low levy for the New Zealand accident compensation scheme).
15. There is a 4 year tax concession on overseas investment income and pensions for your first years of residency in New Zealand.
16. GST is a tax of 15% on good and services (financial services and residential rents exempt).
17. It’s FREE to get a New Zealand tax refund estimate with Taxback.com.
Get your free tax refund estimate: If you are interested in how much money you can get back, the easiest way to check this is using our New Zealand tax refund calculator