Tax - an overview

We present an easy-to-understand overview of various tax subjects, courtesy of the Inland Revenue Department (IRD), and have provided links to more detailed information on their website.

Of course, personal circumstances always vary, so please ensure you contact us for specific advice.

  • Depreciation Allowances

  • Entertainment

  • Fringe Benefit Tax (FBT)

  • Gift Duty

  • GST and e-Commerce

  • Goods and Services Tax (GST)

  • KiwiSaver

  • Pay as you earn (PAYE) on Salaries and Wages

  • Provisional Tax

    Estimation option

    Another Option – the GST Ratio Option

    Interest

  • Resident Withholding Tax (RWT)

    Interest

    New Zealand dividends

    Credits attached to dividends

    Information you need to provide

  • Tax Credits (formerly Rebates)

    Changes made to tax credit claims

    Who can claim a credit

    Maximum amounts you can claim

    Childcare and housekeeper payments (for tax years from 2000 to 2012)

  • Taxpayer Penalties

    Interest

    Late Filing Penalties

    Late payment penalties

    Non-payment penalty on employer monthly schedules (EMS)

    Shortfall penalties

    How are the penalties calculated?

    Solutions

  • Working for Families Tax Credits

    Who pays it

    The Working for Families tax credits are made up of the following:

     • Family tax credit – credits of tax paid for each dependent child

     • In-work tax credit – available to couples who work at least 30 hours a week between them and to sole parents who work at least 20 hours a week

     • Parental tax credit – available to working families with a new-born child who do not receive paid parental leave or income-tested benefits

     • Minimum family tax credit – this credit ensures a minimum annual family income for those families falling below the threshold

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