Working Holiday IR3 Tax Return

How To Do A Tax Return After New Zealand Working Holiday

How To Do A Tax Return After New Zealand Working Holiday? Majority of the New Zealand Working Holiday makers tend to ask this question before leaving New Zealand.

To file a tax return,  IR3 is the form that you need. According to IRD Official Website, if you arrive or leave New Zealand part-way through the year, it’s not compulsory to file a tax return for the current income year. If you choose to file a return you’ll only get a refund if you’ve overpaid your tax.

IRD Link Sent Out On 31 May

Usually, New Zealand IRD will sent out IR3 link to your IRD online account on 31st May every year. All you need to do is click on the link and follow the step by step guide. Once you are done, you are all set to receive reply from IRD.

During the tax return process, IRD calculates the difference between the tax you paid and the tax you should have paid. That is how, you will get a refund or having to pay extra tax to IRD.

IRD Tax Return Tips

During the tax return process, I suggest,

• Remain your New Zealand bank account, so that the tax return can be deposited directly to your account. It is much faster to get your tax return that way.
• There is no rush to do the tax return, you can do it when you are back in your home country, by using the online tax return method.
• Consider open up fix deposit account with your tax return money.

More about filling tax return, click HERE.