Personal Income Tax Rates in New Zealand:
2009/2010
Taxable income $ Tax rate %
0 – 14,000 12.5
14,001 – 48,000 21.0
48,001 – 70,000 33.0
over 70,000 38.0
Company Tax Rates in New Zealand:
Company tax in New Zealand is levied at 30%. Not surprisingly those self employed that can register as companies do.
All worldwide income is taxable whether your funds/capital and investments are held in New Zealand or elsewhere. There are penalties for those not declaring offshore income if the Tax Department catches you. However where New Zealand has a double tax agreement you will receive a tax credit on the tax paid at source and you will not pay tax a second time on it in New Zealand.
New Zealand operates a consumption tax on all goods and services consumed here. Called the Goods and Services Tax (GST), it is levied on everything (except private house sales and financial services) at a rate of 12.5 %.
There are also a raft of less significant taxes such as fringe benefit, entertainment and ACC which we will not detail here. There is no capital gains tax.
Suffice it to say that Mr. and Mrs. Average New Zealander pay around 28% of their income in either direct or indirect taxes. This is much lower than in most other developed countries.
To have a net income of $30,000 per year means a gross household income of around $45,000. Here is a list of occupations and what they might expect to earn per annum in New Zeland dollars.
NEW ZEALAND PAY TRENDS: A Snapshot of 2008
|
Base Salary
(median) $ |
Total Package
(median) $ |
|
Top Executives |
|
|
|
Chief Executive A
(Large, diversified, commercial company) |
250,500 |
295,217 |
|
Chief Executive B
(Single focus commercial company) |
160,000 |
215,776 |
|
Chief Executive C (Not for Profit sectors) |
158,060 |
188,086 |
|
Senior Executive - Marketing |
122,500 |
156,241 |
|
Senior Executive - Finance & Administration |
110,000 |
134,685 |
|
Company Secretary |
114,450 |
148,000 |
|
Senior Executive - Human Resources |
115,000 |
130,375 |
|
Senior Executive - Engineering |
106,371 |
122,900 |
|
Senior Executive - Information Technology |
118,744 |
144,999 |
|
Marketing, Sales & Retail |
|
|
|
National Sales Manager |
90,000 |
121,306 |
|
Sales Manager - Large Branch |
73,000 |
97,756 |
|
General Sales Representative - Level 1 |
40,000 |
54,986 |
|
Call Centre Manager |
71,750 |
79,500 |
|
Call Centre Officer |
33,000 |
35,436 |
|
Customer Services Office - Level 2 |
37,061 |
39,540 |
|
Marketing Assistant |
40,000 |
42,600 |
|
Telemarketer |
33,815 |
34,773 |
|
Finance and Accounting |
|
|
|
Chief Accountant |
89,000 |
102,187 |
|
Financial Accountant |
67,439 |
72,000 |
|
Accountant - Qualified |
60,000 |
62,747 |
|
Credit Officer |
38,750 |
40,252 |
|
Accounts Officer - Level 2 |
39,500 |
40,812 |
|
Accounts Officer - Level 1 |
34,183 |
34,837 |
|
Payroll Officer |
38,360 |
39,709 |
|
Human Resources |
|
|
|
Human Resources Manager |
80,000 |
89,200 |
|
Human Resources Assistant |
38,127 |
39,432 |
|
Human Resources Consultant |
66,300 |
70,000 |
|
Training Officer |
48,295 |
58,343 |
|
Supply and Distribution |
|
|
|
Purchasing Officer - Level 2 |
47,488 |
49,705 |
|
Purchasing Officer - Level 1 |
39,000 |
40,243 |
|
Customs Officer |
37,716 |
40,635 |
|
Warehouse Officer - Up to five staff |
41,445 |
43,700 |
|
Packer |
29,040 |
29,955 |
|
Driver |
30,500 |
32,025 |
|
Manufacturing |
|
|
|
Production Manager |
72,101 |
85,114 |
|
Production Operator |
34,300 |
36,701 |
|
Quality Control Manager |
60,600 |
69,147 |
|
Production Planner |
48,425 |
50,885 |
|
Engineers - Science and Drafting |
|
|
|
Engineer - Level 5 |
`96,750 |
106,372 |
|
Engineer - Level 3 |
68,320 |
78,000 |
|
Engineer - Level 1 |
45,588 |
47,668 |
|
Design Engineer |
60,600 |
62,000 |
|
Project Manager - Engineering |
64,533 |
72,000 |
|
Chief Scientist |
83,750 |
90,000 |
|
Scientist - Level 2 |
54,246 |
58,688 |
|
Corporate Services & Administration |
|
|
|
Office Services Manager |
46,141 |
48,482 |
|
Administration Officer - Level 2 |
37,000 |
37,392 |
|
Administration Officer - Level 1 |
33,500 |
33,800 |
|
Personal Assistant to Chief Executive |
48,229 |
50,000 |
|
Secretary |
38,450 |
39,302 |
|
Receptionist |
32,308 |
33,389 |
|
Telephonist |
30,000 |
30,680 |
|
Mail/Filing Officer |
28,485 |
29,287 |
|
Information Technology |
|
|
|
Project Manager (IT) |
90,029 |
105,500 |
|
Business Analyst (Information Technology) |
85,000 |
88,289 |
|
Systems Analyst - Level 2 |
76,000 |
77,421 |
|
Programmer - Level 1 |
45,300 |
45,300 |
|
Analyst/Programmer - Level 2 |
60,000 |
61,950 |
|
Help Desk Operator |
39,149 |
40,000 |
|
Web Master |
54,000 |
54,400 |
|
PC/LAN User Support Officer |
44,000 |
50,350 |
|
Network Administrator |
44,400 |
50,875 |
|
Librarian |
43,000 |
43,508 |
|
Trades |
|
|
|
Engineering Trades Person |
46,633 |
47,077 |
|
Mechanic |
40,478 |
39,262 |
|
Electrician |
42,373 |
43,144 |
|
Technical Services |
|
|
|
Regional Service Manager |
75,125 |
86,300 |
|
Technical Supervisor |
57,340 |
62,514 |
|
Service Co-ordinator |
40,065 |
41,200 |
|
Service Technician - Level 2 |
43,996 |
51,953 |
|
Technical Support Specialist - Level 1 |
44,089 |
55,704 |
|
Management and Management Services |
|
|
|
Project Team Leader |
62,107 |
66,822 |
|
Internal Auditor |
64,978 |
69,515 |
|
Communications Manager |
87,048 |
90,000 |
|
Quality Improvement Manager |
69,387 |
77,168 |
|
Legal Advisor |
78,217 |
81,272 |
|
