Statutory corporate income tax rate in New Zealand
New Zealand: Statutory corporate income tax rate was 28.0% in 2018. ▼ Falling
Statutory corporate income tax rate in New Zealand, 2000–2018
Source: OECD (2019) – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for statutory corporate income tax rate in New Zealand is 28.0%, measured in 2018. That is the lowest value across all 19 years on record.
Compared with earlier readings it is down 6.7% over ten years.
Over the whole period, statutory corporate income tax rate in New Zealand peaked at 33.0% in 2000 and was at its lowest, 28.0%, in 2011.
New Zealand ranks 24th of 93 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 19 years of available data.
Statutory corporate income tax rate in New Zealand, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 33.0% | — |
| 2001 | 33.0% | +0.0% |
| 2002 | 33.0% | +0.0% |
| 2003 | 33.0% | +0.0% |
| 2004 | 33.0% | +0.0% |
| 2005 | 33.0% | +0.0% |
| 2006 | 33.0% | +0.0% |
| 2007 | 33.0% | +0.0% |
| 2008 | 30.0% | -9.1% |
| 2009 | 30.0% | +0.0% |
| 2010 | 30.0% | +0.0% |
| 2011 | 28.0% | -6.7% |
| 2012 | 28.0% | +0.0% |
| 2013 | 28.0% | +0.0% |
| 2014 | 28.0% | +0.0% |
| 2015 | 28.0% | +0.0% |
| 2016 | 28.0% | +0.0% |
| 2017 | 28.0% | +0.0% |
| 2018 | 28.0% | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 32.4% | 30.0% | 33.0% | 10 |
| 2010s | 28.2% | 28.0% | 30.0% | 9 |
Countries ranked near New Zealand
More economy & growth data for New Zealand
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.71 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.37 Percent per annum (2029)
- Final consumption expenditure (constant 2015 US$), per capita 33,643 constant 2015 US$ per person (2024)
- Gross national expenditure (current US$), annual growth rate 0.5121 % change on previous year (2024)
- Gross national expenditure (current US$), per unit of GDP 1.01 current US$ per US$ of GDP (2024)
- Gross national expenditure (current US$), per capita 49,980 current US$ per person (2024)
- Gross national expenditure (current LCU), annual growth rate 1.99 % change on previous year (2024)
- Gross national expenditure (current LCU), per unit of GDP 1.67 current LCU per US$ of GDP (2024)
- Gross national expenditure (current LCU), per capita 82,583 current LCU per person (2024)
- Gross national expenditure (constant 2015 US$), annual growth rate -0.7819 % change on previous year (2024)
Frequently asked questions
- What is statutory corporate income tax rate in New Zealand?
- Statutory corporate income tax rate in New Zealand was 28.0% in 2018, according to OECD (2019) – processed by Our World in Data.
- What is the highest statutory corporate income tax rate recorded in New Zealand?
- The highest recorded value was 33.0% in 2000.
- What is the lowest statutory corporate income tax rate recorded in New Zealand?
- The lowest recorded value was 28.0% in 2011.
- How does New Zealand rank for statutory corporate income tax rate?
- New Zealand ranks 24th out of 93 countries with data for 2018.
- Is statutory corporate income tax rate rising or falling in New Zealand?
- Over the last ten years it is down 6.7%. The long-run trend across the full record is falling.
- Where does this New Zealand data come from?
- The figures come from OECD (2019) – processed by Our World in Data, published as part of Statutory corporate income tax rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Estimates correspond to the combined rates for central and sub-central government levels (i.e. central government corporate tax rate, less deductions for sub-national taxes, plus sub-central corporate tax rate). Figures correspond to the standard rate that is not targeted at particular industries or income types. The top marginal rate is reported if the corporate tax system is progressive.