New Zealand or Papua New Guinea: which taxes less?

Both tax systems side by side, headline rates and the gap between them.

Level pegging: New Zealand and Papua New Guinea weigh about the same on the taxpayer.

Tax New Zealand Papua New Guinea Gap
Corporate income tax headline rate 28% 30% −2.0 points
Personal income tax top bracket 10.5% to 39% 0% to 42% −3.0 points
VAT standard rate 15% 10% +5.0 points

Detailed schedules

Corporate income tax

New Zealand

n/a

Papua New Guinea

Common law companies 30%
Banks and financial institutions 45%
Foreign non-resident companies 48%
See the New Zealand page See the Papua New Guinea page