Tax Thresholds & Tax Rates

Individuals:

 

Income band

Tax rate

$0 - $14,000

$14,001 - $48,000

$48,001 - $70,000

$70,000 and over

10.5%

17.5%

30%

33%

Company tax rate change:

28% since 2012 income year.

Trusts:

Tax on trustee income - calculated at a flat rate of 33 cents in the dollar.

Fringe Benefit Tax

Fringe Benefit Tax (FBT) is a tax on benefits that employers provide to their employees as a result of their employment these include benefits provided by someone other than an employer.

The four main groups of fringe benefits are:

  • Motor vehicles
  • Low-interest loans other than low-interest loans provided by life insurance companies
  • Free, subsidised or discounted goods and services, including subsidised transport for employers in the public transport business
  • Employer contributions to sick, accident or death benefit funds,
    superannuation schemes and specified insurance policies

Other items that are subject to FBT Rules include:

  • Gifts, prizes and other goods;
  • Payment of entertainment and/or private telecommunications use.

For further information call NUMBIZ Limited.

Useful Links

Managing your money -
www.sorted.org.nz

Tax Compliance -
www.ird.govt.nz

Accident Compensation Corporation - www.acc.co.nz

Companies Office -
www.business.govt.nz/companies

Charities Commission - www.charities.govt.nz

New Zealand Stock Exchange - www.nzx.com

Citizens Advice Beureau -
www.cab.org.nz

Legal Advice -
www.lawsociety.org.nz

Chartered Accountants -
www.charteredaccountantsanz.com

Consumers Institute -
www.consumer.org.nz

Employer Information & Employment Agreements -
www.dol.govt.nz

Rental Property Owner Information www.dbh.govt.nz/tenancy-index

When you are looking through these websites use their search button to find what you are looking for!

Copyright 2017 NUMB1Z Limited 2017

Design and Development: gregorystudio.com

Contact

Physical Address  

9 Belvedere Road

Carterton

 

Office Hours

8:30am - 4:30pm

 

Email    

See our Contact Page

Postal Address 

PO Box 13

Carterton 5743

 

Telephone  

06 379 8312

 

Facsimile

06 379 8322