Commonly used acronyms
|SDLU||Software Developers Liaison Unit|
|RWT||Resident Withholding Tax|
|PIE||Portfolio Investment Entities|
|ESCT||Employer Superannuation Contribution Tax|
|SSCWT||Specified Superannuation Contribution Withholding Tax|
|RSCT||Retirement Scheme Contribution Tax|
|SOE||Summary of Earnings|
|PTS||Personal Tax Summary|
|C-Series||Returns prepared by software, printed and filed on paper|
|ir-File||The electronic chanel for filing PAYE|
|E-File||The electronic chanel for register tax agents|
|B2B||Business to Business|
Definition of salary and wages
There are two definitions of salary and wages. These definitions are effective from 1 April 2008.
Gross base salary and wages
Gross base salary and wages (salaries and wages without any higher allowances) are used to determine the amount of employer deductions and compulsory employer contributions (CECs) for members of a complying fund scheme.
Gross salary and wages
Gross salary and wages (salaries and wages including higher allowances, excluding exceptions granted in legislation) are used to determine the amount of employee deductions and CECs for members of a KiwiSaver scheme.
Date published: 01 Nov 2009