Paying taxes: Profit tax in New Zealand
New Zealand: Paying taxes: Profit tax was 29.9% in 2019. ▼ Falling
Paying taxes: Profit tax in New Zealand, 2005–2019
Source: World Bank. Measured in % of profits.
Analysis
In 2019, paying taxes: profit tax in New Zealand stood at 29.9%.
Compared with earlier readings it is up 2.4% over ten years.
Over the whole period, paying taxes: profit tax in New Zealand peaked at 33.1% in 2005 and was at its lowest, 28.6%, in 2012.
New Zealand ranks 14th of 190 countries on this measure, in the top 10%.
The long-run direction has been consistently falling across the 15 years of available data.
Paying taxes: Profit tax in New Zealand, year by year
| Year | % of profits | Change |
|---|---|---|
| 2005 | 33.1% | — |
| 2006 | 31.9% | -3.6% |
| 2007 | 32.0% | +0.3% |
| 2008 | 32.3% | +0.9% |
| 2009 | 29.2% | -9.6% |
| 2010 | 30.2% | +3.4% |
| 2011 | 29.9% | -1.0% |
| 2012 | 28.6% | -4.3% |
| 2013 | 30.0% | +4.9% |
| 2014 | 30.0% | +0.0% |
| 2015 | 30.0% | +0.0% |
| 2016 | 30.0% | +0.0% |
| 2017 | 29.9% | -0.3% |
| 2018 | 29.9% | +0.0% |
| 2019 | 29.9% | +0.0% |
New Zealand compared with similar countries
- New Zealand's 29.9% is above the median for high income countries, which is 12.9%, 2.3× the median. (62 countries reporting)
- New Zealand's 29.9% is above the median for East Asia & Pacific, which is 18.6%, 1.6× the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 31.7% | 29.2% | 33.1% | 5 |
| 2010s | 29.8% | 28.6% | 30.2% | 10 |
Countries ranked near New Zealand
More reference data data for New Zealand
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.4532 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 9.92 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 10.93 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0459 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 10.93 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 1.52 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 1.53 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 42.17 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 47.53 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.2499 (2050)
Frequently asked questions
- What is paying taxes: profit tax in New Zealand?
- Paying taxes: profit tax in New Zealand was 29.9% in 2019, according to the World Bank.
- What is the highest paying taxes: profit tax recorded in New Zealand?
- The highest recorded value was 33.1% in 2005.
- What is the lowest paying taxes: profit tax recorded in New Zealand?
- The lowest recorded value was 28.6% in 2012.
- How does New Zealand rank for paying taxes: profit tax?
- New Zealand ranks 14th out of 190 countries with data for 2019.
- Is paying taxes: profit tax rising or falling in New Zealand?
- Over the last ten years it is up 2.4%. The long-run trend across the full record is falling.
- Where does this New Zealand data come from?
- The figures come from the World Bank, published as part of Paying taxes: Profit tax (% of profits). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 15 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The profit tax measures the amount of income taxes borne by the business in the second year of operation, expressed as a share of commercial pro?t.