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What is income tax?

Why do you pay income tax?

When and how do you pay income tax?

How much income tax do you pay?

What if you don't pay the right amount of income tax?

Personal tax summary

Tax returns

Summary of earnings

Rebates

Refunds

Nominated person

Glossary

 

What if you don't pay the right amount of income tax?

If you haven't paid enough

If you owe tax, and have received a personal tax summary or filed an individual income tax return, you must pay the amount owing by 7 February of the following year. We've made it really easy to meet your tax obligations - you can make tax payments electronically through your bank, by cheque or at most branches of Westpac.

If you don't pay the full amount of your tax on time, you are liable for any penalties that may apply - so it's best to make sure your tax is all paid up by the due date.

If you've paid too much

If you've paid too much tax or have received a tax credit (formerly rebate), and think you're entitled to a refund, you need to request a summary of earnings (SOE) and calculate your personal tax summary. If you then work out that you're due a refund, you can request a personal tax summary in order to receive the refund.

Give it a go

Use our PAYE calculator to work out how much tax you'll need to pay.

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For more info on government services go to newzealand.govt.nz

© Copyright 2010 Inland Revenue


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