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New Zealand
Overview
Last reviewed - 06 July 2026New Zealand, a country located in the South Pacific, comprises two major islands stretching north and south and separated by Cook Strait. Its capital city is Wellington. The two languages are English and Māori, and the currency is the New Zealand dollar (NZD).
New Zealand's real gross domestic product (GDP) increased by 0.8% in the March 2026 quarter. Unemployment sits at 5.3% in the March 2026 quarter, while the consumer price index (CPI) increased by 3.1% for the year to March 2026. Annual inflation is therefore very slightly breaching the upper limit of the Reserve Bank of New Zealand's target range of 1% to 3%.
The minimum hourly wage is NZD 23.95 as of 1 April 2026.
PwC New Zealand
PwC New Zealand employs over 1,700 people. The firm, which has offices in Auckland, Waikato, Hawke's Bay, Wellington, and Canterbury, provides a full range of accounting, tax, and business services to leading global, national, and local companies and to public institutions. Our tax services comprise the following core areas:
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Compliance
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Financial statement compilation
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Income tax compliance
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Tax governance and reporting
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Tax accounting
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Tax pooling and financing
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Certainty
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Disputes and rulings
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Tax advice
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Tax policy
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International
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Outbound and inbound investment
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Pillar Two
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Transfer pricing
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Base erosion and profit shifting (BEPS)
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Indirect taxes
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Customs and excise
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Employment taxes
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Goods and services tax (GST)
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Transformation
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Finance function transformation
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Research and development tax incentives (RDTI)
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Deals
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Over and above our traditional service offerings, PwC New Zealand also has a strong industry focus, with multi-disciplinary teams dedicated to key industry groups in both global and national markets. For our clients, this means the best local knowledge combined with the broadest global experience.
Quick rates and dates
| Corporate income tax (CIT) rates | |
|---|---|
| Headline CIT rate (%) |
28 |
| Corporate income tax (CIT) due dates | |
|---|---|
| CIT return due date |
7 July (for 1 October - 31 March balance dates). For balance dates between 1 April - 30 September, the due date is the seventh day of the fourth month following balance date. The filing date for taxpayers linked to a tax agent is extended to 31 March of the following year, regardless of balance date. |
| CIT final payment due date |
7 February (for 31 March - 30 September balance dates). For other balance dates, terminal tax payments are generally due on the seventh day of the 11th month following balance date. The terminal tax due date is extended by two months for taxpayers linked to a tax agent. |
| CIT estimated payment due dates |
Under the standard method, provisional tax payments are generally due in three instalments: (i) 28th day of seventh month before balance date. (ii) 28th day of the third month before balance date. (iii) 28th day of the month following balance date. |
| Personal income tax (PIT) rates | |
|---|---|
| Headline PIT rate (%) |
39 |
| Personal income tax (PIT) due dates | |
|---|---|
| PIT return due date |
7 July |
| PIT final payment due date |
NP |
| PIT estimated payment due dates |
NP |
| Value-added tax (VAT) rates | |
|---|---|
| Standard VAT rate (%) |
Goods and services tax (GST): 15 |
| Withholding tax (WHT) rates | |
|---|---|
| WHT rates (%) (Dividends/Interest/Royalties) |
Resident companies: 33 / 28 / 0; Non-resident companies:* 30 / 15 / 15 Resident individuals: 33 / 39 / 0; Non-resident individuals:* 30 / 15 / 15 *See New Zealand's Corporate and Individual summaries for a description of reduced rates based on shareholder holdings and treaty relief. |
| Capital gains tax (CGT) rates | |
|---|---|
| Headline corporate capital gains tax rate (%) |
New Zealand does not have a comprehensive capital gains tax. However, capital gains derived by a company will generally be taxed as dividends on distribution to shareholders, subject to certain exceptions. |
| Headline individual capital gains tax rate (%) |
New Zealand does not have a comprehensive capital gains tax. |
| Net wealth/worth tax rates | |
|---|---|
| Headline net wealth/worth tax rate (%) |
NA |
| Inheritance and gift tax rates | |
|---|---|
| Headline inheritance tax rate (%) |
NA |
| Headline gift tax rate (%) |
NA |
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