Individuals are subject to income tax on worldwide income whilst tax resident in New Zealand. All worldwide income of a tax resident in New Zealand is taken into account in determining their effective rates of tax. The tax rates for the 2015 income year are 10.5 percent on income up to NZD14,000, 17.5 percent on taxable income between NZD14,001 and NZD48,000, 30 percent on taxable income between NZD48,001 and NZD70,000 and 33 percent on taxable income over NZD70,001.
The official currency of New Zealand is the New Zealand Dollar (NZD).
Herein, the host country refers to the country to which the employee is assigned. The home country refers to the country where the assignee lives when he/she is not on assignment.
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