Income taxes - Is that all...?

Hi All,

I am working on a worksheet that automatically calculates the monthly cash flow for incomes >60k and also for <60k after deducting expenses. This will be a convenient tool to plan for financials and bugeting.

I just want to confirm that for the income we earn in NZ, is the income tax (19%, 33% and 39% blah blah) the only taxes imposed? Is there any hidden taxes, fees or contributions that I missed.

Also I am not entirely sure how we pay the IRD for the taxes. Monthly (thru the employer by deduction) or yearly?

Once completed I will post the excel worksheet for all to use.

Pulsarblu

Hi,
Great idea pulsarblu! That knowlege will be helpful. I'm not sure of the exact tax figures - I will be probably working as self-employed as I do now, which will incur an annual taxation I believe - similar to here in the UK.
Debra