Request an income equalisation scheme refund

All Income tax dates

You can use this process to request a refund from the income equalisation or environmental restoration schemes.

We now pay all refunds by direct credit so you need to provide us with your bank account details. We no longer issue cheques.

In myIR, select 'Make a withdrawal' in your Income equalisation (EQU) or Environmental restoration (ERA) account

This is on the right side of the page.

You'll need to tell us:

Other ways to do this

Previously you would use an IR155 paper form to make deposits or request refunds. This has been removed.

If you do not have myIR, you need to write us a letter to request a withdrawal. Include:

the name and IRD number in which the deposit is held
the amount to be refunded
the income year in which the refund will be assessable (counted as taxable income)
your name and contact phone number
the reason for the refund if the request is for an early refund.

Your refund will be reflected in your income summary in myIR.

The refund amount will be pre-populated into the ‘other income’ field in your income tax return.