Taxation in New Zealand
2017–2018

Taxation in New Zealand

Section Title: 2017–2018
Table Section Text: None

Income	Tax rate	Effective tax rate	Max tax of bracket	Cumulative tax

$0 – $14,000	10.5%	10.5%	$1,470	$1,470

$14,001 – $48,000	17.5%	10.5 - 15.5%	$5,950	$7,420

$48,001 – $70,000	30%	15.5 - 20.0%	$6,600	$14,020

Over $70,000	33%	20.0 - 33.0%	$14,020 + 33%

No-notification rate	48%	45%

Sentence(s)

Taxation in New Zealand states that 30% will be paid on the amount that falls between $48,001 and $70,000

final_sentence: Taxation in New Zealand states that 30% will be paid on the amount that falls between $48,001 and $70,000