As well as simplicity, our tax system has the major attractions of predictability, fairness and a minimum of loopholes. It’s also a relatively favorable tax environment for your earnings and assets. In fact, in 2014, the US-based Tax Foundation ranks New Zealand’s overall tax system as second in the developed world for its competitiveness - and top for its individual (i.e. personal) taxes.
Tax is a complex area, and this information is only a summary. For more detailed information you can seek professional advice Key features
A big attraction if you’re considering living in NZ is the tax concession on overseas investment income & pensions that applies for your first four years of living here.
Key features of New Zealand’s tax system include:
no inheritance tax no general capital gains tax, although it can apply to some specific investments. no local or state taxes apart from property rates levied by local councils and authorities no payroll tax no social security tax no health care tax, apart from a very low levy for New Zealand’s ‘accident compensation injury insurance scheme
Will you need to pay tax in New Zealand?
The short answer is ‘yes’. Income tax and Goods and Services Tax (GST) are how we fund services for the benefit of all New Zealanders.
8 comments:
The best mussels come from New Zealand.
Heaven. Want to get there and stay.
New Zealand Tax code:
As well as simplicity, our tax system has the major attractions of predictability, fairness and a minimum of loopholes. It’s also a relatively favorable tax environment for your earnings and assets. In fact, in 2014, the US-based Tax Foundation ranks New Zealand’s overall tax system as second in the developed world for its competitiveness - and top for its individual (i.e. personal) taxes.
Tax is a complex area, and this information is only a summary. For more detailed information you can seek professional advice
Key features
A big attraction if you’re considering living in NZ is the tax concession on overseas investment income & pensions that applies for your first four years of living here.
Key features of New Zealand’s tax system include:
no inheritance tax
no general capital gains tax, although it can apply to some specific investments.
no local or state taxes apart from property rates levied by local councils and authorities
no payroll tax
no social security tax
no health care tax, apart from a very low levy for New Zealand’s ‘accident compensation injury insurance scheme
Will you need to pay tax in New Zealand?
The short answer is ‘yes’. Income tax and Goods and Services Tax (GST) are how we fund services for the benefit of all New Zealanders.
Sounds Iike a retirement paradise.
It's not easy getting in.
They don't want anyone moving there to live off their social benefits. or spoiling the place.... so it's tough to get in.
- Not a lot of successful comic book artists where I'm from.
- Where are you from?
- New Zealand.
- It's a beautiful place.
- You've been to New Zealand?
- No, but... [my daughter] makes me go see all the Hobbit movies, so...
- So, you know all about us and our ways.
People Places Things (2015)
Eagle vs Shark is a nice NZ romcom.
Better when thought back on than when viewed, sort of an overall effect.
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