New Zealand corporate tax rate
The flat basic rate of income tax on the taxable income of resident and non-resident companies, set by Schedule 1 Part A of the Income Tax Act 2007.
| Current value | 28 percent |
|---|---|
| In force from | 2011-04-01 |
| Official source | Inland Revenue (Te Tari Taake), 'Tax rates for businesses' — most companies pay income tax at 28%; statutory basis Income Tax Act 2007 Schedule 1 Part A clause 2, rate reduced from 30% to 28% by the Taxation (Budget Measures) Act 2010 with effect from the 2011-12 income year |
| Last verified | 2026-07-20 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
Flat 28% statutory nominal rate on worldwide taxable income for New Zealand-resident companies and on New Zealand-sourced taxable income for non-resident companies; Budget 2026 (28 May 2026) made no change. There is NO progressive company scale, no small-company rate, and NO sub-national or municipal company income tax anywhere in New Zealand, so 28% is also the combined rate — unlike federal systems where a national rate must be read alongside state surcharges. effective_from is 1 April 2011, the start of the 2011-12 income year for standard (31 March) balance dates; companies with non-standard balance dates picked up the 28% rate from the start of their own 2011-12 income year, which may differ from 1 April 2011. Points that change the EFFECTIVE burden without changing the statutory rate: (1) New Zealand operates a full IMPUTATION system, so company tax paid is credited against the shareholder's personal tax on dividends, and the imputation credit ratio is capped at 28/72 consistent with the 28% rate — the 39% top personal rate means a top-rate resident shareholder faces a further ~11 percentage points of top-up on fully imputed dividends. (2) Maori authorities are taxed at 17.5% and certain unit trusts, PIEs and portfolio entities have their own regimes (multi-rate PIEs use prescribed investor rates capped at 28%). (3) Non-resident withholding tax on dividends, interest and royalties is separate and treaty-modified. (4) There is no separate capital gains tax, but the bright-line residential land rules and the various land-dealing provisions can bring gains into ordinary income taxed at 28%. ACCESS QUIRK: ird.govt.nz intermittently returns a 'Something went wrong' error page to headless browsers on this path; a plain server-side fetch of the same URL succeeded.
Get it programmatically
curl https://ausref.dev/v1/nz/corporate-tax
# $0.001 per call — x402 on Base (USDC). No key, no signup.
# History: curl https://ausref.dev/v1/nz/corporate-tax/history?from=2020-01-01
# Provenance: curl https://ausref.dev/provenance/nz/corporate-taxOther New Zealand series: policy interest rate · VAT rate · minimum wage · public holidays · inflation rate (CPI) · income tax rates