Taxation (Personal Tax Cuts, Annual Rates, and Remedial Matters) Act 2008: Annual Income Tax Rates for 2008-09
Annual income tax rates for 2008-09
Schedule 1, part A, of the Income Tax Act 2007
The income tax rates (based on whole dollars) that apply for the 2008-09 tax year are:
| Tax rate | |
| Taxable income: individuals 0 - 9,500 9,501 - 14,000 14,001 - 38,000 38,001 - 40,000 40,001 - 60,000 60,001 - 70,000 70,001 upwards |
13.75% 16.75% 21% 27% 33% 36% 39% |
| Taxable income: companies | 30% |
| Taxable income: trustees | 33% |
| Taxable distributions: non-complying trusts | 45% |
| Schedular taxable income: category A income of group investment funds | 30% |
| Taxable income: trustees of certain funds (approved unit trusts, widely held group investment funds and widely held superannuation funds) | 30% |
| Taxable income: Māori authorities | 19.5% |
| Schedular taxable income: policyholder income | 30% |
Date published: 15 Sep 2008
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