Income Tax cuts mean Doctors now have further incentive to work in New Zealand
14 Jul 2010
The New Zealand government has recently announced significant income tax cuts which will come into effect in New Zealand on 1 October 2010. The new lower tax rates aim to stimulate productivity in the economy and also mean that people earning the average wage and above in New Zealand will soon pay lower tax rates than people in the United Kingdom or Australia, with the top tax bracket capped at 33%.
| Income | Tax rate |
|
$0 - $14,000 |
10.5% |
|
$14,001 - $48,000 |
17.5% |
|
$48,001 - $70,000 |
30% |
|
Over $70,000 |
33% |
Whether you seek to make a permanent move to New Zealand, or would like a temporary contract to escape the Northern Hemisphere winter and enjoy some sunshine, please contact us now for further information.