New Zealand

Last updated on July 28th, 2022

Country Overview

Currency  

NZD 

Payroll cycle 

Monthly, Weekly or Bi-Weekly

Employer taxes  

15.08% 

Minimum wage  

22.70 NZD per hour 

Working hours  

Maximum 40 hours and 5 days a week

Latest HR Statutory Updates

October 2024

  • 2025 Dates for Public Holidays and Anniversary Days

AUGUST 2024

  • Updated Personal Income Tax Threshold Changes

JUNE 2024

  • Personal Income Tax Threshold Changes

  • Extending the Independent Earner Tax Credit (IETC)

  • Personal Income Tax Threshold Changes (Repost)

APRIL 2024

  • Pay As You Earn (PAYE) Deduction Table 2024-2025

FEBRUARY 2024

  • Changes of Minimum Wages Effective 1st April 2024

JANUARY 2024

  • No Statutory Updates

DECEMBER 2023

  • No statutory Updates

NOVEMBER 2023

  • No statutory Updates

OCTOBER 2023

  • No statutory Updates

SEPTEMBER 2023

  • No statutory Updates

AUGUST 2023

  • No statutory Updates

JULY 2023

  • No statutory Updates

JUNE 2023

  • No statutory Updates

MAY 2023

  • Section CW 18 of the Income Tax Act 2007 exempts from tax some allowances that an employee receives from their employer to reimburse additional transport costs arising from the employee’s travel from home to work.  This means that PAYE does not have to be deducted from the allowance.

APRIL 2023

  • No statutory Updates

MARCH 2023

  • Pay As You Earn (PAYE) Deduction Tables 2023-24

FEBRUARY 2023

  • Changes of Minimum Wages Effective 1st April 2023

JANUARY 2023

  • No Statutory Updates

DECEMBER 2022

  • No Statutory Updates

NOVEMBER 2022

  • No Statutory Updates

OCTOBER 2022

  • No Statutory Updates

SEPTEMBER 2022

  • Public Holiday on 26 September to Mark Passing of Queen Elizabeth II

AUGUST 2022

  • No Statutory Updates

JULY 2022

  • No Statutory Updates

JUNE 2022

  • Parental Leave Payments Increase by 6.33% Effective on 1 July 2022

MAY 2022

  • No Statutory Updates

APRIL 2022

  • No Statutory Updates

MARCH 2022

  • Pay As You Earn (PAYE) Deduction Tables 2022/23

FEBRUARY 2022

  • Govt increasing wages for lowest paid workers

JANUARY 2022

  • No Statutory Updates

DECEMBER 2021

  • No Statutory Updates

NOVEMBER 2021

  • No Statutory Updates

OCTOBER 2021

  • No Statutory Updates

SEPTEMBER 2021

  • No Statutory Updates

AUGUST 2021

  • Pay As You Earn (PAYE) Deduction Tables 2021/22 (REVISED)

JULY 2021

  • New Zealand publishes Final Interpretation Statement on Tax Deductions for Businesses disrupted by the COVID-19 Pandemic.

  • Payday Filing version 2

JUNE 2021

  • Wage subsidy and leave support payments in income tax returns.

  • Automatic Individual Write offs.

  • Wage subsidy pre-populating on some income tax returns – Update.

MAY 2021

  • 2021 End of year process – Individual income tax assessments.

  •  New default providers announced for KiwiSaver

  • Budget 2021.

  • Holidays (Increasing Sick Leave) Amendment Bill- Increase in Sick leave.

  • Holidays (Increasing Sick Leave) Amendment Bill-Change in Carrying over unused sick leave

APRIL 2021

  • No Statutory Updates

MARCH 2021

  • Bereavement leave to cover miscarriage, stillbirth

  • Pay As You Earn (PAYE) Deduction Tables 2021/22

  • Clarification of the ACC earners levy and SA, SA SL tax codes

  • Easier applications for paid parental leave

FEBRUARY 2021

  • New COVID-19 Payment Supports Businesses

JANUARY 2021

  • No Statutory Updates

DECEMBER 2020

  • The Minimum Wage effective from April 2021

  • Taxation (Income Tax Rate and Other Amendments) Bill- New top personal tax rate

  • Taxation (Income Tax Rate and Other Amendments) Bill- Strengthening information-gathering rules

  • Taxation (Income Tax Rate and Other Amendments) Bill- Minimum family tax credit

NOVEMBER 2020

  • No Statutory Updates

OCTOBER 2020

  • No Statutory Updates

SEPTEMBER 2020

  • Eligibility Expanded for COVID-19 Leave Support

  • Seasonal Work Visa Available to More People

  • Public Holidays in New Zealand for the Year 2021

AUGUST 2020

  • No Statutory Updates

JULY 2020

  • The Employment Relations (Triangular Employment) Amendment Act 2019 came into force on 28 June 2020

  • Increase in the Rate of Parental Leave Payments

  • Increase in Number of ‘Keeping in Touch’ days

JUNE 2020

  • Wage Subsidy Extension

MAY 2020

  • No Statutory Updates

APRIL 2020

  • Tax relief and income assistance

  • Pay As You Earn (PAYE) Deduction Tables 2020/21

  • Wage Subsidy Scheme

  • 2020/2021 Tax Due Date Calendar (IR328)

MARCH 2020

  • Late filing penalties for income tax

  • Late filing penalties for employment information

  • Covid-19 leave payment scheme

  • Worker has been advised to self-isolate

  • Employment rules for the Easter and ANZAC holidays

FEBRUARY 2020

  • No Statutory Updates

JANUARY 2020

  • The Minimum Wage effective from 1st April 2020

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