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Income tax Dates

  • MAY 7
    Provisional tax payments are due if you have a March balance date and use the standard, estimation or ratio options.
  • JUN 28
    Provisional tax payments are due if you have a March balance date and use the ratio option.
  • JUL 7
    Income tax returns are due if you do not have an extension of time.

New Zealand tax residents earning between $24,000 and $48,000 in a tax year qualify for the independent earner tax credit (IETC).

Your type of income counts

You can get the IETC on income from:

  • salary or wages
  • ACC compensation payments
  • paid parental leave
  • investments
  • self-employment
  • other types of business income.

You cannot get the IETC if:

  • you or your partner are entitled to Working for Families Tax Credits
  • you receive income-tested benefits
  • you receive New Zealand Superannuation
  • you receive Veteran’s Pension
  • you receive an overseas equivalent of any of the above.

IETC is worked out on whole months. If you receive any of the above payments at any time during a month, you will not be entitled to IETC for that whole month.

Your gross income counts

The IETC is worked out on your gross income. Your gross income is your income before tax is deducted or paid.

If you’re self-employed your gross income is your income after expenses and losses are deducted.

How much you can get

If your gross income in the tax year is between:

  • $24,000 and $44,000 – you get $10 per week
  • $44,001 and $48,000 – your entitlement reduces by 13 cents for every dollar you earn over $44,000.

How to get the IETC

The way you get the IETC depends where your income comes from.