Whatever your requirements,
we can help you find the solutions...
Return to List of Tax Facts

Tax Facts - PAYE on Salaries and Wages

Pay As You Earn (PAYE) is the basic tax taken out of your employees' salary or wages. The amount of PAYE you deduct depends on each employee's tax code.

PAYE employees must complete a Tax code declaration (IR 330) as soon as they start working for you. If an employee fails to complete the tax code declaration, you must deduct PAYE at the no-declaration rate.

Since payday filing was introduced, employers must:

  • File employment information within 2 working days after every payday
  • Provide new and departing employees' address information, as well as their date of birth - if they have provided it to you.
  • File PAYE electronically (from payday compatible software or through myIR) if your annual PAYE/ESCT is $50,000 or more.

Note: If you are a 'small employer' with gross annual PAYE deductions of up to $500,000, the due date for actual payment of PAYE is the 20th of the month. If you are a 'large employer' with gross annual PAYE deductions over $500,000, you will file PAYE twice-monthly, on the 5th and 20th of the month.

For more information regarding PAYE or to register as an Employer either call us or visit the IRD website.

Supplied by CCH Business Fitness NZ


Firm Profile

At K & J Consultants we are committed to forming close partnerships with our clients, enabling us to understand your unique situation and customise the assistance we provide to suit your requirements.

Our Services

We aim to provide you with advice when your business needs it, not just when you ask for it.

Our Resources

View our handy online tools and resources.

Contact Us

52 Grove Road
Blenheim, New Zealand
P. (03) 578 0330
E. kjc@kjconsultants.co.nz


Copyright K & J Consultants © | Disclaimer | Site Map | Websites for accountants by Wolters Kluwer