News

 

Tax Rates

Posted: 16th May 2011

All tax cuts announced in last year's budget are now in force.  Current tax rates are as follows:

Companies                                                                                         28%

PIEs                                                                                                        28%

Trusts                                                                                                    33%

Individuals

Income band

Tax rate

$0 - $14,000

10.5%

$14,001 - $48,000

17.5%

$48,001 - $70,000

30%

$70,000 and over

33%