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Who needs to file a NZ Tax Return?

tax returnsOnce you have established tax residence in New Zealand , you need to complete a tax return if you receive any income that does not have tax deducted when it is paid to you.

More specifically, you will need to fill in an IR3 Income tax return if you:

  • are self-employed
  • had income from a business or rentals
  • received income that is not taxed at source
  • received overseas income
You should also complete an IR3 return if you received any of these types of income:
  • withholding payments
  • income derived from overseas
  • estate, trust or partnership income
  • royalties
  • cash jobs or payments "under the table"
  • income from illegal enterprises
  • losses to claim or carry forward
  • over $200 interest and dividends derived overseas that has had tax deducted
  • overseas interest and dividends that has had no tax deducted
  • IR56 income and any of the above (IR56 taxpayers are not self-employed, but arrange to pay their own PAYE tax).

There are a couple of rebates that may also make it worthwhile filing a tax return: the Income under $9,800 Rebate, Income under $38,000 Rebate and Child Rebate. There are also rebates available for donations to registered charities, childcare fees and wages paid to housekeepers, but these are claimed on a separate form (IR526).

You need to contact Inland Revenue if you should file a return but have not received an IR3 form by late May. For more information, see http://www.ird.govt.nz.
 
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