New higher tax rate for top earners
From 1 April 2021 a new tax rate will be applied to NZ’s top earners.
This increases the top tax rate for individuals to 39% for the 2021-22 tax year for annual income above $180,000. This is expected to impact about two percent of all NZ earners, approximately 75,000 people.
Updated income tax rates
NZ’s income tax system is often misunderstood. NZ has progressive tax...