Kāore e tākehia tāku moni whiwhi i mua i te utu mai My income is not taxed before I get paid

What income does this include?

Commonly this includes income from:

• self-employment
• rental property including Airbnb and Bookabach
• overseas
• shareholder salaries
• directors’ fees
• 'under the table' cash jobs
• tips from customers 
• royalties
• Public Lending Right payments
• a taxable property sale
• an estate, trust or partnership
• wage subsidies.

School students who earn less than $2,340 in a tax year from self-employment do not pay tax on that money.

Rental income and paying tax

Types of business income

Telling us about income

If you receive more than $200 in income with no tax deducted, you'll need to tell us. You do that on an individual tax return - IR3.

The IR3 is used at the end of the tax year to:

• tell us about all your taxable income
• claim expenses, such as costs for operating your business or maintaining your rental property
• calculate your tax assessment so you know how much tax to pay or refund to expect.

Individual income tax return - IR3