#

Ease of Doing Business in

New Zealand

New Zealand Download Profile (1691.8KB, pdf)
Region OECD high income
Income Category High income
Population 4,595,700
GNI Per Capita (US$) 40,080
City covered Auckland

190

1

DB 2017 Rank

1

100

DB 2017 DTF (% points)

  • local_library
  • group
Topics DB 2017 Rank DB 2016 Rank info_outline Change in Rank DB 2017 DTF (% points) info_outline DB 2016 DTF (% points) info_outline Change in DTF (% points) info_outline
Overall 1 1
0
87.01 86.96 down
0.05
Starting a Business 1 1
-
99.96 99.96
-
Dealing with Construction Permits 1 1
-
87.40 87.44 down
0.04
Getting Electricity 34 28 down
6
83.96 83.96
-
Registering Property 1 1
-
94.46 94.46
-
Getting Credit 1 1
-
100.00 100.00
-
Protecting Minority Investors 1 1
-
83.33 83.33
-
Paying Taxes 11 13 up
2
90.71 90.27 up
0.44
Trading across Borders 55 53 down
2
84.55 84.55
-
Enforcing Contracts 13 12 down
1
74.25 74.25
-
Resolving Insolvency 34 32 down
2
71.43 71.41 up
0.02

Positive= Doing Business reform making it easier to do business.Negative= Change making it more difficult to do business.

DB 2017 Rank:

11

DB 2016 Rank:

13

Change in Rank:

up2

DB 2017 DTF (% points):

90.71

DB 2016 DTF (% points):

90.27

Change in DTF (% points):

up0.44

Indicator New Zealand OECD high income
Payments (number per year) info_outline 7 10.9
Time (hours per year) info_outline 152 163.4
Total tax rate (% of profit) info_outline 34.3 40.9
Postfiling index (0-100) info_outline 96.9 85.1
Tax or mandatory contribution Payments (number) Notes on Payments Time (hours) Statutory tax rate Tax base Total tax rate (% of profit) Notes on TTR
Corporate income tax 1 online 34 28% taxable income 30.01
Employer paid - Accident compensation corporation (ACC) levy 1 online 59 various rates gross salaries 1.96
Road user charges 1 various rates vehicle weight 1.59
Tax on interest 0 28% interest income 0.72 not included
Employer paid - Fringe benefit tax 1 42.86% for employees, 49.25% for shareholders fringe benefit 0.56
Property tax 1 various rates land value 0.16
Fuel tax 1 0.375 cents/litre included into fuel price 0.00 small amount
GST (VAT) 1 online 59 15% value added 0.00 not included
Totals: 7 152 34.3
  • Taxes by type Answer
    Profit tax (% of profit) 30.0
    Labor tax and contributions (% of profit) 2.5
    Other taxes (% of profit) 1.6
    Answer Score
    Postfiling index (0-100) 96.9
    VAT refunds 96.0
    Does VAT/GST exist? Yes
    Frequency of VAT/GST refund submission monthly
    Does a VAT/GST refund process exist per the case study? Yes
    Restrictions on VAT refund process None
    Likelihood of VAT audit Unlikely
    Time to comply with VAT refund (hours) 2.0 96.0
    Time to obtain a VAT refund (weeks) 5.2 96.2
    Corporate income tax audits 95.4
    Does corporate income tax exist? Yes
    Likelihood of corporate income tax audit Unlikely
    Time to comply with a corporate income tax audit (hours) 4.0 95.4
    Time to complete a corporate income tax audit (weeks) 0.0 100.0
    Administrative appeal process
    First level administrative appeal authority Dispute Review unit
    Is the appeal authority independent? Independent department within tax office
    Are appeal guidelines accessible to the public? Yes
    Source of appeal guidelines online/in printed publication
    Is there a legal time limit for the appeal authority to issue a decision on the tax appeal? No
    Legal time limit

Notes:

Name of taxes have been standardized. For instance income tax, profit tax, tax on company's income are all named corporate income tax in this table.

The hours for VAT include all the VAT and sales taxes applicable.

The hours for Social Security include all the hours for labor taxes and mandatory contributions in general.

The postfiling index is the average of the scores on time to comply with VAT refund, time to obtain a VAT refund, time to comply with a corporate income tax audit and time to complete a corporate income tax audit.

N/A = Not applicable.