Taxes on income, profits and capital gains in New Zealand
New Zealand: Taxes on income, profits and capital gains was 66.0% in 2024. ▼ Falling
Taxes on income, profits and capital gains in New Zealand, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of total taxes.
Analysis
The most recent figure for taxes on income, profits and capital gains in New Zealand is 66.0%, measured in 2024.
That represents a change of up 0.3% on the previous year and up 7.4% over ten years.
Over the whole period, taxes on income, profits and capital gains in New Zealand peaked at 75.2% in 1977 and was at its lowest, 60.1%, in 2011.
New Zealand ranks 9th of 153 countries on this measure, in the top 10%.
The long-run direction has been consistently falling across the 41 years of available data.
Taxes on income, profits and capital gains in New Zealand, year by year
| Year | % of total taxes | Change |
|---|---|---|
| 1972 | 68.3% | — |
| 1973 | 70.9% | +3.8% |
| 1974 | 74.5% | +5.1% |
| 1975 | 72.1% | -3.3% |
| 1976 | 73.5% | +2.0% |
| 1977 | 75.2% | +2.3% |
| 1978 | 73.1% | -2.8% |
| 1979 | 74.0% | +1.3% |
| 1980 | 75.0% | +1.4% |
| 1981 | 73.9% | -1.5% |
| 1982 | 73.7% | -0.3% |
| 1983 | 71.2% | -3.4% |
| 1984 | 69.7% | -2.1% |
| 1985 | 73.0% | +4.7% |
| 1986 | 70.1% | -4.0% |
| 1987 | 62.7% | -10.6% |
| 1988 | 63.0% | +0.6% |
| 2001 | 62.5% | -0.8% |
| 2002 | 61.9% | -1.0% |
| 2003 | 62.4% | +0.8% |
| 2004 | 62.3% | -0.1% |
| 2005 | 65.6% | +5.3% |
| 2006 | 67.4% | +2.9% |
| 2007 | 66.4% | -1.5% |
| 2008 | 68.5% | +3.1% |
| 2009 | 67.2% | -1.9% |
| 2010 | 63.3% | -5.8% |
| 2011 | 60.1% | -5.1% |
| 2012 | 60.4% | +0.6% |
| 2013 | 61.4% | +1.5% |
| 2014 | 61.4% | +0.1% |
| 2015 | 61.7% | +0.6% |
| 2016 | 61.9% | +0.2% |
| 2017 | 62.4% | +0.8% |
| 2018 | 62.3% | -0.1% |
| 2019 | 63.0% | +1.0% |
| 2020 | 62.3% | -1.1% |
| 2021 | 62.6% | +0.5% |
| 2022 | 66.4% | +6.1% |
| 2023 | 65.7% | -1.0% |
| 2024 | 66.0% | +0.3% |
New Zealand compared with similar countries
- New Zealand's 66.0% is above the median for high income countries, which is 43.9%, 1.5× the median. (55 countries reporting)
- New Zealand's 66.0% is above the median for East Asia & Pacific, which is 39.9%, 1.7× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 72.7% | 68.3% | 75.2% | 8 |
| 1980s | 70.3% | 62.7% | 75.0% | 9 |
| 2000s | 64.9% | 61.9% | 68.5% | 9 |
| 2010s | 61.8% | 60.1% | 63.3% | 10 |
| 2020s | 64.6% | 62.3% | 66.4% | 5 |
Countries ranked near New Zealand
More public sector data for New Zealand
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Frequently asked questions
- What is taxes on income, profits and capital gains in New Zealand?
- Taxes on income, profits and capital gains in New Zealand was 66.0% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on income, profits and capital gains recorded in New Zealand?
- The highest recorded value was 75.2% in 1977.
- What is the lowest taxes on income, profits and capital gains recorded in New Zealand?
- The lowest recorded value was 60.1% in 2011.
- How does New Zealand rank for taxes on income, profits and capital gains?
- New Zealand ranks 9th out of 153 countries with data for 2024.
- Is taxes on income, profits and capital gains rising or falling in New Zealand?
- Over the last ten years it is up 7.4%. The long-run trend across the full record is falling.
- Where does this New Zealand data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Taxes on income, profits and capital gains (% of total taxes). Statizoid updates them automatically from the source API.
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About this data
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. This indicator is expressed as a percentage of total taxes which includes all compulsory, unrequited payments, in cash or in kind, made by institutional units to government units.