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Businesses and organisations pay income tax on their profit (their income, minus any expenses).

Generally, businesses and organisations file their income tax returns at the end of their first year of business and pay their tax in a lump sum at the end of the year.

After the first year, they pay in instalments called provisional tax during the year. Provisional tax payments are usually combined with GST payments. 

Self employed people are taxed as individuals. 

Business type Rate
Self-employed the tax rate for individuals
Most companies 28%
Māori authorities  17.5%
Non-profit organisations registered and incorporated under the Incorporated Societies Act 1908 28%
Unincorporated organisations the tax rate for individuals
Trusts and trustees - the initial amount of money put into a trust 0%
Trusts and trustees - any income the trust earns 33%

Last updated: 14 May 2021
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