New Zealand


Last reviewed - 16 January 2024

New 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) decreased by 0.3% in the September 2023 quarter. Unemployment increased slightly at 3.9% in the September 2023 quarter, while the consumer price index (CPI) decreased to 5.6%. Annual inflation is therefore outside the Reserve Bank of New Zealand's target range of 1% to 3%.  

The minimum hourly wage is NZD 22.70 as at 1 April 2023.

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:

  • Corporate tax. 
  • Certainty and controversy. 
  • Customs and excise. 
  • High net worth individuals. 
  • Indirect taxes. 
  • International assignment services. 
  • International tax. 
  • Tax transaction services. 
  • Transfer pricing. 
  • Executive remuneration.
  • Tax pooling services. 
  • Tax governance. 

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 (%)


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 (%)


Personal income tax (PIT) due dates
PIT return due date

7 July

PIT final payment due date


PIT estimated payment due dates


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: 30 / 39 / 0;

Non-resident individuals:* 30 / 15 / 15

*See New Zealand's Corporate summary 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 (%)


Inheritance and gift tax rates
Headline inheritance tax rate (%)


Headline gift tax rate (%)


NA stands for Not Applicable (i.e. the territory does not have the indicated tax or requirement)

NP stands for Not Provided (i.e. the information is not currently provided in this chart)

All information in this chart is up to date as of the 'Last reviewed' date on the corresponding territory Overview page. This chart has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this chart without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this chart, and, to the extent permitted by law, PwC does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this chart or for any decision based on it.