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New Zealand Tax Rates For Trusts

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Trusts

Trust is another type of entity that needs to pay tax on income. Any income the trust earns (for example, through investment, business or rental income) is considered taxable and needs to be assessed by Inland Revenue.

The current tax rate for a Trust is 33 cents in the dollar or 33%.

Similar to companies, this is a flat tax rate and is not graduated.

At the end of the financial year Trusts complete an IR6 to declare any income and to determine any residual income tax to be paid. The Trustees are then liable to pay this amount.

mytax.co.nz

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