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Changes to the Personal Exemption Threshold


From January 2020, the proposed personal tax exemption threshold for individuals will be increased from $15,080 to $30,080. This means that individuals – both employees and self employed – will not pay tax on the first $30,080.00 they earn.

For any income earnt over $30,080.00 the rates of tax remain the same as set out below:

$1 - $15000                 11%
$15001-$30000          $1650 + 23% of excess
$30 001 -$60000        $5100 + 35% of excess
$60 000 and over        $15600 +40% of excess


If you want to find out more about these changes please click on the relevant link below


Employers will need to use new tax tables from 1 January 2012. Inland Revenue can supply you these tables in paper or electronic form or they can also be accessed from this website.