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From the end of May through to the end of July we will be issuing automatic income tax assessments for most New Zealanders.

For tax agents, there have been minimal changes to the process from last year. However, from the 2021 tax year there are a few things that now form part of an individual’s end of year process. These are:

  • If a NZ tax resident has Portfolio Investment entity (PIE) income, a PIE square-up is included in their individual income tax return.
  • A ‘Government subsidies’ field in the IR3 income tax return to add any wage subsidy received that has not been taxed at source.

All individual clients of tax agents (excluding IR3 filers) will receive an ‘Income tax – more information request’ letter.

If your client’s mail is being redirected, you will receive this. Otherwise, it will go directly to your client.

Clients who have been issued an ‘Income tax – more information request’ that requires finalising will display a filing expectation of ‘Auto-issued – more info’ under the ‘Individual filing group’ column on your client list report.

You (or your client) must review this information, add any additional income and expenses as appropriate, and finalise within the required timeframe.

  • Before 31 March if your client has an extension of time (EOT)
  • Within 45 days if your client doesn’t have an EOT.

The letter will confirm the date it needs to be finalised by according to the client’s situation. You can see your clients 2021 EOT status by filtering the ‘Current year EOT status’ column on your client list report.

If you are using gateway services software to send income tax returns to us, you may also be able to ‘confirm’ or ‘amend’ the ‘more information request’ in your software. Talk to your provider about whether they offer this functionality.

If you don’t use gateway services or do not have the above functionality in your software, you will need to use myIR to finalise the assessment.

For more help you can watch our webinar 'Income tax assessments for individual clients of tax agents' or read Income tax for individual clients of intermediaries.

Income tax assessments for individual clients of tax agents

Individual income tax for clients of agents