🇳🇿 New Zealand · Tax System

Corporate tax, VAT/GST, personal income tax, capital gains, and filing obligations.

Quick answer

New Zealand's taxes are run by Inland Revenue (IRD): income tax and GST, with no general capital gains tax. Residents are taxed on worldwide income; a transitional exemption can apply to new migrants' foreign income.

New Zealand's taxes are administered by Inland Revenue (IRD): income tax and GST. There is no general capital gains tax. Residents are taxed on worldwide income.

  • Inland Revenue (IRD) administers income tax and GST.
  • There is no comprehensive capital gains tax.
  • Tax residents are taxed on worldwide income.

Step-by-step

  1. 1

    Determine your tax residency

    You are a New Zealand tax resident if you have a permanent place of abode or meet the day-count tests; residents are taxed on worldwide income.

  2. 2

    Get an IRD number

    Apply for an IRD number from Inland Revenue; you need it for work, bank interest and filing.

  3. 3

    Understand the taxes that apply

    Identify income tax (PAYE for employees), GST on most goods and services (business), and the ACC earner’s levy; there is no general capital gains tax.

  4. 4

    Have PAYE deducted

    Employers deduct PAYE and the ACC levy; use the correct tax code to avoid over- or under-payment.

  5. 5

    Confirm or file your income

    Inland Revenue auto-calculates many people’s tax; check your account in myIR and file an IR3 if you have other income (tax year ends 31 March).

  6. 6

    Pay, keep records and get advice

    Pay any balance, keep records, and get advice for foreign income and the bright-line property rules.

Checklist

  • Tax residency determined (permanent abode / day-count)
  • IRD number
  • Applicable taxes identified (income tax, GST, ACC levy; no general CGT)
  • Correct tax code for PAYE
  • Income confirmed / IR3 filed if required
  • Bright-line property rules checked
  • Records kept
  • Advice for foreign income

Official authorities

Frequently asked questions

Is there capital gains tax in New Zealand?

There is no comprehensive capital gains tax, though some property sales and share-trading gains can be taxable.

What is the transitional resident exemption?

New migrants may get a temporary exemption on certain foreign income for a limited period after becoming tax resident.

What is the GST rate?

GST applies at a flat rate to most goods and services.

Official-information aggregation, not legal advice. Always verify on the authority's own site.

Government portals

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