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Tax rates and codes
Tax rates are different for individuals and companies. Rates can also change if legislation changes.
Have you been contacted by Inland Revenue about your tax code, or do you need to work out what tax code you should be using? Use our decision tree to work out your tax code.
Your tax code is what decides how much tax is deducted from your income. The tax code that you will need to use depends on how many sources of income you have, and whether you have a student loan.
Income tax rates are applied to your combined income at the end of the tax year to work out your tax obligation.
If a company’s total expenses exceed its total income, it will generally have a loss for tax purposes. Companies in a loss position do not have to pay income tax. Unless the company is a loss attributing qualifying company, the company will not be able to pass this loss to shareholders who are individuals.
Read the previous years' ACC earners' levy rates.