Pay As You Earn (PAYE) is a withholding income tax for employees in New Zealand. In most cases it is deducted from the pay that you will receive before you receive it and is taxed via a series of tiered tax rates dependent the amount you earn and your tax code. The incremental tax rates increase as the salary increases. There are a number of other factors which contribute to the end amount that you receive in your pay - these include deductions for KiwiSaver, Student Loans and ACC.If you are looking for help with your taxation needs we recommend the team at Glenfield Tax Accountants who are Accountants that see beyond the balance sheet. They're available at their website at https://www.taxshop.co.nz/ or by calling 09-443 7741.
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