Inland Revenue Tax Code Declaration Page 3
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4Important: You may need to change your tax code if your circumstances change during the year. For example:
– you take out a student loan or pay it off
– start or stop being eligible to use ME or ME SL (see note 5 below)
– you have a second job and your income decreases or increases, changing the code you should be using.
Notes to help you complete this form
1.
If you receive a benefit from Work and Income (other than a student allowance, NZ super or veteran's pension) it is treated as your
highest source of income and you must use the “M” tax code for this income. You must use the secondary income section on
page 2 to work out your tax code for any other taxable income.
If you choose a secondary tax code of “S” or “S SL” and you'll earn more from your secondary job than your benefit, you may pay
more tax than you're required to for that job. You can apply for a special tax code so that the right amount of tax is deducted – read
note 10 for more information about special tax codes.
2.
Source of income means income such as salary, wages, weekly accident compensation payments, NZ Super, veteran's weekly
compensation, veteran's pension or student allowance.
3.
You are a New Zealand tax resident in any of these situations:
• You've been in New Zealand for more than 183 days in any 12-month period and haven't become a non-resident.
• You have a permanent place of abode in New Zealand.
• You're away from New Zealand in the service of the New Zealand Government.
4.
Your annual income is your total income (before tax is deducted) from all sources, from 1 April to 31 March, excluding losses carried
forward from a previous year.
5.
If you or your partner are entitled to receive WfFTC or an overseas equivalent, or if you receive NZ Super, veteran's pension or an
overseas equivalent of any of these, your tax code is “M” (or “M SL” if you have a student loan). You're not eligible to use “ME” or
“ME SL”.
For more information about WfFTC go to
6.
You may be eligible for a repayment deduction exemption on your salary and wage income if you:
• have a student loan
• are studying full-time in New Zealand
• expect to earn below the annual repayment threshold from all sources
• earn above the pay-period repayment threshold.
If you have a student loan and you choose “SB SL” or “S SL” for your tax code, you may pay more towards your student loan than
you need to. If you earn under the pay period repayment threshold, eg, $367 a week from your main job, you can apply for a special
deduction rate to reduce your student loan repayment deductions on your secondary earnings.
For more information about repayment deduction exceptions and special deduction rates go to /studentloans
If you already have a repayment deduction exception or special deduction rate for your student loan but your circumstances have
changed, you'll need to update your details so we can check you're still eligible. You can do this at or by calling
0800 227 774.
7.
Casual agricultural workers are people engaged in casual seasonal work on a day-to-day basis, for up to three months. This includes
shearers and shearing shedhands.
8.
If you are a recognised seasonal worker or hold a work visa as foreign crew of a vessel fishing New Zealand waters, you will use the
“NSW” code. Recognised seasonal workers must be employed by a registered employer under the Recognised Seasonal Employers'
Scheme and are employed in the horticulture or viticulture industries. You must have a visa and/or a permit issued under the
Recognised Employer Work Policy. See (search keyword: seasonal).
9.
Schedular payments are for contract work, not salary or wages. ACC personal service rehabilitation payments paid by ACC or an
accredited employer are schedular payments. You'll need to find your schedular payment activity on page 4 and write this in the
space provided in Question 2 on page 1.
ACC personal service rehabilitation payments include attendant care, home help, childcare, attendant care services related to
training for independence, attendant care services related to transport for independence, paid under the Injury Prevention and
Rehabilitation Compensation Act 2001.
10. If you have a current special tax code certificate, show “STC” as your tax code on page 1 and attach a copy of your special tax code
certificate to this declaration form.
A special tax code is a tax deduction rate worked out to suit your individual circumstances. You may want one if the regular tax
codes will result in you not paying enough tax or paying too much. For example if you have a rental property, business losses, income
that doesn't have tax deducted before you receive it, you receive payments from either ACC or an ACC client for providing ACC
personal service rehabilitation care and you expect to earn over $14,000 from all sources, or if you're on a benefit and working. Go to
or call us on 0800 227 774 for more information. You can get a
from our website or
Special tax code application (IR23BS)
by calling 0800 257 773. Please have your IRD number handy.
Note
If you need help choosing your tax code please go to or call us on 0800 227 774.
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