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All Kiwis pay tax on the income they earn. This payment is mandatory and applies to all wages, commissions, return on investments, rent from property, or any other source of income. The residents of New Zealand are accountable for their worldwide taxable income. The Inland Revenue Department collects taxes on behalf of the government. The taxes are used for building and maintaining infrastru...

Just when you think you've got a handle on the best income tax credit for your needs, the IRD comes along and changes the rules! Here in New Zealand, you can claim tax credits for all kinds of things. That way, you can reduce your net income -- and, as a result, reduce your tax rate. The basic premise of income tax credits hasn't changed. For example, if you made $50,000 this year and you...

Every year, millions of taxpayers promptly pay up income tax as mandated by the Government of New Zealand. Taxpayers cough up billions of dollars in taxes, filling up the government coffers and hoping that their hard earned money is wisely spent on public services that will enhance their quality of life in the years to come. Governments spend taxpayers’ money on a wide range of programmes fr...

The income tax rate, the rate that every New Zealander pays on every dollar that they earn, is always a hot topic, especially around election time. But how much are we actually paying, and how does the New Zealand income tax rate compare to other countries? One thing most of us do know, is that our income tax has dropped in recent years, especially in the higher income tax brackets, but how ...