You are a tax resident in New Zealand if you: are in New Zealand for more than 183 days in any 12-month period, or have an “enduring relationship” with New...
Provisional tax is a way of managing your income tax by paying compulsory instalments during the...
General principles for motor vehicles The following general principles apply to fringe benefit tax on motor vehicles. As long as a vehicle is available for private use (for example, travel between home and work) by your employees, including shareholder-employees, you must pay fringe benefit tax. Your liability does not depend on whether the employees actually use that vehicle. There are some general exemptions and some daily exemptions from fringe benefit tax on motor vehicles. Sole traders or partners in a partnership are not required to pay fringe benefit tax on a business vehicle they use privately. However, they usually record their business use of the vehicle, as they must make an appropriate adjustment in their income tax...
Paying tax on your salary or wage If your income is from salary, wages, benefits or taxable pensions, your tax will automatically be deducted under the PAYE (pay as you earn) system. This means when you get your weekly, fortnightly, or monthly pay, your tax has already been deducted from it. What is PAYE? PAYE is the tax your employer deducts from your salary and wages. It includes: the tax rate for your income, and an ACC earners’...
Working for Families Tax Credits are an entitlement for families with dependent children aged 18 or younger. It includes four different types of payments (tax...