Income tax calculator New Zealand
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
$60
Pay As You Earn (PAYE)
- $6.30
Accident Compensation Corporation (ACC)
- $0.83
Total tax
- $7.13
Net pay
*
$52.87
Marginal tax rate
11.9%
Average tax rate
11.9%
88.1%
Net pay
11.9%
Total tax
Total tax
Net pay
The Taxberg
$52.87
Net pay
** $1.80
Tax the employer pays
$7.13
Tax you pay
Total tax paid
$8.93
Did you know your employer also pays tax on your salary? It costs the employer $1.80 to pay you $60. In other words, every time you spend $10 of your hard-earned money, $1.49 goes to the government.
Real tax rate
14.4%
So, with you and the employer both paying tax, what used to be a 11.9% tax rate now rises to 14.4%, meaning your real tax rate is actually 2.5% higher than what it seemed at first.
Summary
If you make $60 a year living in New Zealand, you will be taxed $7.13. That means that your net pay will be $52.87 per year, or $4.41 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 60
0.0%
1
Germany
NZD 60
0.0%
2
Austria
NZD 60
0.0%
3
Ireland
NZD 60
0.0%
4
Sweden
NZD 60
0.0%
5
Norway
NZD 60
0.0%
6
Spain
NZD 56
6.3%
7
Italy
NZD 55
9.2%
8
France
NZD 54
9.7%
9
Czech Republic
NZD 53
11.0%
10
Luxembourg
NZD 53
11.1%
11
Russia
NZD 52
13.0%
12
Hungary
NZD 49
18.5%
13
Ukraine
NZD 48
19.5%
14
Poland
NZD 47
21.5%
15
Greece
NZD 47
21.8%
16
Portugal
NZD 45
25.6%
17
Finland
NZD 42
30.7%
18
Belgium
NZD 41
32.0%
19
Netherlands
NZD 37
38.7%
20
Romania
NZD 35
41.5%
21
Switzerland
NZD 10
83.0%
22
Denmark
NZD 0
100.0%
23
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North America
Country
Net pay
Average tax
Rank
Canada
NZD 59
1.6%
1
USA
NZD 55
8.7%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Australia
NZD 60
0.0%
1
Singapore
NZD 60
0.0%
2
Hong Kong
NZD 60
0.0%
3
Thailand
NZD 57
5.0%
4
Indonesia
NZD 55
8.8%
5
Taiwan
NZD 55
8.9%
6
South Korea
NZD 54
10.7%
7
New Zealand
NZD 53
11.9%
8
India
NZD 53
12.0%
9
China
NZD 52
13.2%
10
Vietnam
NZD 51
15.0%
11
Japan
NZD 49
18.7%
12
Kazakhstan
NZD 48
20.8%
13
Malaysia
NZD 46
23.5%
14
Pakistan
NZD 42
30.2%
15
Philippines
NZD 25
59.1%
16
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Latin America
Country
Net pay
Average tax
Rank
Mexico
NZD 59
2.4%
1
Brazil
NZD 55
7.5%
2
Puerto Rico
NZD 55
8.0%
3
Colombia
NZD 55
8.0%
4
Ecuador
NZD 54
9.5%
5
Guatemala
NZD 54
9.6%
6
Costa Rica
NZD 54
10.5%
7
Panama
NZD 53
11.0%
8
Peru
NZD 53
12.5%
9
Argentina
NZD 50
17.0%
10
Chile
NZD 49
17.6%
11
Uruguay
NZD 49
18.1%
12
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Africa
Country
Net pay
Average tax
Rank
South Africa
NZD 59
1.0%
1
Angola
NZD 58
3.0%
2
Uganda
NZD 57
5.0%
3
Ghana
NZD 57
5.5%
4
Zambia
NZD 56
6.0%
5
Morocco
NZD 56
6.7%
6
Ivory Coast
NZD 56
7.5%
7
Senegal
NZD 52
12.7%
8
Cameroon
NZD 51
15.6%
9
Nigeria
NZD 50
16.8%
10
Mozambique
NZD 38
36.5%
11
Kenya
NZD 5
91.2%
12
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Middle East
Country
Net pay
Average tax
Rank
Egypt
NZD 60
0.0%
1
Saudi Arabia
NZD 60
0.0%
2
United Arab Emirates
NZD 57
5.0%
3
Qatar
NZD 57
5.0%
4
Lebanon
NZD 56
7.0%
5
Oman
NZD 55
8.0%
6
Bahrain
NZD 55
8.0%
7
Kuwait
NZD 53
11.0%
8
Israel
NZD 52
13.2%
9
Turkey
NZD 51
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.