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Guide 101 - The Basics of Payroll in New Zealand

 In recent years, New Zealand has been tagged as one of the countries with the most globalized economies. One of the key reasons for this tag is the rising number of business establishments in different sectors. In New Zealand, whether businesses employ one person or one hundred people, the same rule applies when it comes to payroll – The employers are responsible for withholding income taxes, Kiwi Saver contributions from employee’s pay. They also need to pay the Employer Superannuation Contribution Tax (ESCT) on all employer contributions.

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