Withholding tables for New Zealand’s 2025-26 tax year, which starts April 1, were released by its Inland Revenue Department March 20.
The IRD released IR340, Weekly and Fortnightly PAYE Deduction Tables, and IR341, 4 Weekly and Monthly PAYE Deduction Tables, covering four different possible pay periods. The IRD also provides a calculator.
Changes to New Zealand’s tax brackets that were made in the Taxation (Budget Measures) Act 2024 take effect April 1. Income tax rates in the 2025-26 tax year continue to range from 10.5% to 39% after a transitional period in the 2024-25 tax year where ...
Learn more about Bloomberg Tax or Log In to keep reading:
See Breaking News in Context
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools and resources.