New Zealand: Income and profits taxes

* indicates monthly or quarterly data series
 New Zealand

Income, profits, and capital gains taxes: percent of revenue

 Latest value 58.26
 Year 2022
 Measure percent
 Data availability 1972 - 2022
 Average 57.66
 Min - Max 45.42 - 68.44
 Source The World Bank
For that indicator, we provide data for New Zealand from 1972 to 2022. The average value for New Zealand during that period was 57.66 percent with a minimum of 45.42 percent in 2011 and a maximum of 68.44 percent in 1974. The latest value from 2022 is 58.26 percent. For comparison, the world average in 2022 based on 19 countries is 32.05 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
New Zealand - Income and profits taxes - Recent values chart

Historical chart
New Zealand - Income and profits taxes - historical chart - 1972-2022

Definition: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.

 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 20.82 2022 percent
 Government spending, in dollars 51.65 2022 billion U.S. dollars
 Fiscal balance, percent of GDP -2.70 2022 percent
 Government debt 30.16 2021 percent
 Government expenditure 21.57 Q3/2023 billion
 Long-term government bond yield 5.05 9/2023 percent
 Tax revenue 29.77 2022 percent
 Commercial tax rate 34.60 2019 percent
 Tax preparation time 140 2019 hours
 Number of taxes 7 2019 taxes
 Taxes on goods and services 27.87 2022 percent
 Taxes on international trade 2.68 2022 percent
 Income and profits taxes 58.26 2022 percent
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