New Zealand

Last updated on September 22nd, 2022

Country Overview

Currency  

NZD 

Payroll cycle 

Monthly 

Employer taxes  

4% 

Minimum wage  

21.20 NZD per hour 

Working hours  

No minimum requirement, commonly 7.5-8 hours a day 

Latest HR 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

Other countries

Japan

The Philippines

India