This icon () tells you which link takes you to the new site.
You might receive taxable income through employment, business, rent, a benefit or superannuation or other income that's taxed at source before you receive it.
When you receive income that's taxed before you receive it your employer or the person paying you needs to know how much to deduct.
If you're an employee, give your employer a completed Tax code declaration (IR330) form.
|If you don't complete an IR330 or IR330C, your employer or payer will deduct tax at the no-notification rate, which is a much higher rate.|
Use our PAYE / KiwiSaver deductions calculator to work out how much tax will be deducted from your salary or wages.
If you're employed for only part of the year, you could be entitled to a tax refund. You can check if you're entitled to a refund by using our personal tax summary calculator for the relevant year.
When you receive rental or business income, you must:
If you earn between $24,000 and $48,000 a year (after expenses and losses), you might be entitled to the independent earner tax credit (IETC).
If you're working for salary or wages, you must use a tax code that includes the SL repayment code. Your student loan repayments are based on the tax code you're using. You may have to make other repayments for any other income you receive.
If you're going overseas for 6 months or more you'll have different repayment obligations based on your loan balance.
A customer can pay tips directly to an employee in one of several ways. A customer might:
In these cases, the tip is the income of the employee.
A customer might pay tips through a business such as:
If the business passes these amounts onto their employee(s), the tip is still the income of the employee:
If the business doesn't pass these amounts onto their employee(s), the amount is income of the business. The business must account for income tax and GST (if applicable) on the amount like their other income.
A business might add an amount to a customer's bill. This could be by adding a:
In these cases the amount is income of the business. The business must account for income tax and GST (if applicable) on the amount like their other income.
If you receive tips totalling:
There may be income tax and GST implication if you receive accommodation in exchange for work. Some common situations include seasonal and casual labour in the farming, hospitality and tourism industries. As part of the arrangement, workers get a place to sleep and may also get food to eat instead of, or as well as payment for the work.