Annual Income Tax Rates for 2009-10
List of the income tax rates (based on whole dollars) that apply for the 2009-10 tax year for individuals, companies and trustees and others.
Schedule 1, part A of the Income Tax Act 2007
The income tax rates (based on whole dollars) that apply for the 2009-10 tax year are:
| Tax rate | |
|---|---|
| Individuals: 0 - 14,000 14,001 - 48,000 48,001 - 70,000 70,001 upwards | 12.5% 21% 33% 38% |
| Taxable income: Companies | 30% |
| Taxable income: Trustees | 33% |
| Taxable distributions: Non-complying trusts | 45% |
| Schedular taxable income: Category A income of group investment funds | 30% |
| Taxable income: Trustees of certain funds (approved unit trusts, widely held group investment funds and widely held superannuation funds) | 30% |
| Taxable income: Maori authorities | 19.5% |
| Schedular taxable income: Policyholder income | 30% |