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Delays to response times: It is taking longer than usual to answer calls and myIR messages, and to process some COVID-19 Support Payment applications. This is because of the impact of COVID-19. If possible, please contact us through your myIR account. Log in to myIR

Budget 2022: The Government has announced Budget 2022, which includes changes to child support payments. Find out more on our Tax Policy website

Budget 2022: The Government has announced a Cost of Living Payment, which will be paid from 1 August 2022. You do not need to apply for this payment. If you are eligible, we’ll pay it into your bank account. Find out more

Businesses and organisations pay income tax on their profit (their income, minus any expenses).

Generally, businesses and organisations file their income tax returns at the end of their first year of business and pay their tax in a lump sum at the end of the year.

After the first year, they pay in instalments called provisional tax during the year. Provisional tax payments are usually combined with GST payments. 

Self employed people are taxed as individuals. 

Business type Rate
Self-employed the tax rate for individuals
Most companies 28%
Māori authorities  17.5%
Non-profit organisations registered and incorporated under the Incorporated Societies Act 1908 28%
Unincorporated organisations the tax rate for individuals
Trusts and trustees - the initial amount of money put into a trust 0%
Trusts and trustees - any income the trust earns 33%

Last updated: 14 May 2021
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