Income tax calculator New Zealand
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
$120
Pay As You Earn (PAYE)
- $12.60
Accident Compensation Corporation (ACC)
- $1.67
Total tax
- $14.27
Net pay
*
$106
Marginal tax rate
11.9%
Average tax rate
11.9%
88.1%
Net pay
11.9%
Total tax
Total tax
Net pay
The Taxberg
$106
Net pay
** $3.60
Tax the employer pays
$14.27
Tax you pay
Total tax paid
$17.87
Did you know your employer also pays tax on your salary? It costs the employer $3.60 to pay you $120. In other words, every time you spend $10 of your hard-earned money, $1.49 goes to the government.
Real tax rate
14.5%
So, with you and the employer both paying tax, what used to be a 11.9% tax rate now rises to 14.5%, meaning your real tax rate is actually 2.6% higher than what it seemed at first.
Summary
If you make $120 a year living in New Zealand, you will be taxed $14.27. That means that your net pay will be $106 per year, or $8.81 per month. Your average tax rate is 11.9% and your marginal tax rate is 11.9%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of $100 in your salary will be taxed $11.89, hence, your net pay will only increase by $88.11.
Bonus Example
A $1,000 bonus will generate an extra $881 of net incomes. A $5,000 bonus will generate an extra $4,406 of net incomes.
Europe
Country
Net pay
Average tax
Rank
United Kingdom
NZD 120
0.0%
1
Germany
NZD 120
0.0%
2
Austria
NZD 120
0.0%
3
Ireland
NZD 120
0.0%
4
Sweden
NZD 120
0.0%
5
Norway
NZD 120
0.0%
6
Spain
NZD 112
6.4%
7
Italy
NZD 109
9.2%
8
France
NZD 108
9.7%
9
Czech Republic
NZD 107
11.0%
10
Luxembourg
NZD 107
11.1%
11
Russia
NZD 104
13.0%
12
Hungary
NZD 98
18.5%
13
Ukraine
NZD 97
19.5%
14
Poland
NZD 94
21.5%
15
Greece
NZD 94
21.8%
16
Portugal
NZD 89
25.6%
17
Finland
NZD 83
30.8%
18
Belgium
NZD 82
32.0%
19
Netherlands
NZD 75
37.2%
20
Romania
NZD 70
41.5%
21
Switzerland
NZD 65
45.5%
22
Denmark
NZD 0
100.0%
23
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North America
Country
Net pay
Average tax
Rank
Canada
NZD 118
1.6%
1
USA
NZD 110
8.7%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Australia
NZD 120
0.0%
1
Singapore
NZD 120
0.0%
2
Hong Kong
NZD 120
0.0%
3
Thailand
NZD 114
5.0%
4
Indonesia
NZD 109
8.8%
5
Taiwan
NZD 109
8.9%
6
South Korea
NZD 107
10.7%
7
New Zealand
NZD 106
11.9%
8
India
NZD 106
12.0%
9
China
NZD 104
13.2%
10
Vietnam
NZD 102
15.0%
11
Pakistan
NZD 102
15.1%
12
Japan
NZD 98
18.7%
13
Malaysia
NZD 97
19.3%
14
Kazakhstan
NZD 95
20.8%
15
Philippines
NZD 59
51.0%
16
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Latin America
Country
Net pay
Average tax
Rank
Mexico
NZD 117
2.4%
1
Brazil
NZD 111
7.5%
2
Puerto Rico
NZD 110
8.0%
3
Colombia
NZD 110
8.0%
4
Ecuador
NZD 109
9.5%
5
Guatemala
NZD 108
9.6%
6
Costa Rica
NZD 107
10.5%
7
Panama
NZD 107
11.0%
8
Peru
NZD 105
12.5%
9
Argentina
NZD 100
17.0%
10
Chile
NZD 99
17.6%
11
Uruguay
NZD 98
18.1%
12
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Africa
Country
Net pay
Average tax
Rank
South Africa
NZD 119
1.0%
1
Uganda
NZD 114
5.0%
2
Ghana
NZD 113
5.5%
3
Angola
NZD 113
5.8%
4
Zambia
NZD 113
6.0%
5
Morocco
NZD 112
6.7%
6
Ivory Coast
NZD 111
7.5%
7
Senegal
NZD 107
10.7%
8
Cameroon
NZD 101
15.6%
9
Nigeria
NZD 100
16.8%
10
Mozambique
NZD 90
24.8%
11
Kenya
NZD 65
45.6%
12
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Middle East
Country
Net pay
Average tax
Rank
Egypt
NZD 120
0.0%
1
Saudi Arabia
NZD 120
0.0%
2
United Arab Emirates
NZD 114
5.0%
3
Qatar
NZD 114
5.0%
4
Lebanon
NZD 112
7.0%
5
Bahrain
NZD 110
8.0%
6
Oman
NZD 110
8.0%
7
Kuwait
NZD 107
11.0%
8
Israel
NZD 104
13.2%
9
Turkey
NZD 101
15.8%
10
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NOTE* Deductions are calculated based on the tables of New Zealand, income tax. For simplification purposes some variables (such as marital status and others) have been assumed. This document does not represent legal authority and shall be used for approximation purposes only.
NOTE** Voluntary deduction related to an employee who has joined a KiwiSaver scheme. As it is optional, it was not included in the withholding tax in the section above. The amount displayed is a potential employer contribution for an employee with a KiwiSaver scheme.
NOTE** Voluntary deduction related to an employee who has joined a KiwiSaver scheme. As it is optional, it was not included in the withholding tax in the section above. The amount displayed is a potential employer contribution for an employee with a KiwiSaver scheme.