Individual income tax return guide 2011 - Inland Revenue Department

www.ird.govt.nz
67
Calculating your tax deducted
Worksheet 1. Calculating your available tax credit
Copy the amount from Box 5 on
worksheet 3 on page 66.
Add Boxes 1 and 3 on page 66 and print the
answer in Box 2.
Subtract Box 2 from Box 1 on this worksheet
and print the answer in Box 3. This is your
caregiver’s available tax credits.
Copy your total tax deducted amount from
your SOE to Box 4.
1
2
3
4
Subtract Box 3 from Box 4. Print the answer
in Box 5.
5
This is the total tax deducted available to you. Copy it into Box 12A of
your return.
More information
If you have any questions about your tax please go to our website
www.ird.govt.nz
Injury Prevention, Rehabilitation, and
Compensation Act 2001 (ACC)
Under the Injury Prevention, Rehabilitation, and Compensation Act 2001,
Inland Revenue is required to provide earnings information from your
IR 3 return to the Accident Compensation Corporation (ACC). ACC
began invoicing self-employed levies from August 2008. ACC gets the
information from IR 3 returns as follows::
Question 11A Gross earnings with PAYE deducted and earnings not
liable for ACC earners’ levy
Question 12 Schedular payments
Question 17 Overseas income
Question 18 Share of partnership income (“active” income) from the
partnership’s trade or business
Question 20 Shareholder-employee salary with no tax deducted
Question 22 Self-employed income
Question 23 Other income
Question 26 Expenses.