Tax refunds if you arrived in NZ last year
Jun 20th 2012, 7:11 am
#1
Queen of the Underworld
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Tax refunds if you arrived in NZ last year
Just got my 2011-2012 tax refund through
Thought I'd issue a reminder to those who arrived last year that they may be entitled to an income tax refund.
If you have only worked part of a tax year then you may be due a tax refund. You would have to apply for it by filling in an IR3 [full tax return] rather than the easier route you can use once you've been resident the whole year. There are companies that can claim refunds on your behalf but it's easy enough to do yourself especially once you've been here a whole year. In my opinion the tax refund companies are really a bit of a scam.
The IR3 is a bit long winded but not that hard once you sit down with a calculator and your income and tax records.
http://www.ird.govt.nz/income-tax-in.../end-year/ir3/
I work for 2-3 different employers which is why I get one!
Thought I'd issue a reminder to those who arrived last year that they may be entitled to an income tax refund.If you have only worked part of a tax year then you may be due a tax refund. You would have to apply for it by filling in an IR3 [full tax return] rather than the easier route you can use once you've been resident the whole year. There are companies that can claim refunds on your behalf but it's easy enough to do yourself especially once you've been here a whole year. In my opinion the tax refund companies are really a bit of a scam.
The IR3 is a bit long winded but not that hard once you sit down with a calculator and your income and tax records.
http://www.ird.govt.nz/income-tax-in.../end-year/ir3/
I work for 2-3 different employers which is why I get one!
Jun 25th 2012, 12:31 am
#3
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Joined: Apr 2012
Location: Auckland
Posts: 536
Re: Tax refunds if you arrived in NZ last year
Just got my 2011-2012 tax refund through Thought I'd issue a reminder to those who arrived last year that they may be entitled to an income tax refund.
If you have only worked part of a tax year then you may be due a tax refund. You would have to apply for it by filling in an IR3 [full tax return] rather than the easier route you can use once you've been resident the whole year. There are companies that can claim refunds on your behalf but it's easy enough to do yourself especially once you've been here a whole year. In my opinion the tax refund companies are really a bit of a scam.
The IR3 is a bit long winded but not that hard once you sit down with a calculator and your income and tax records.
http://www.ird.govt.nz/income-tax-in.../end-year/ir3/
I work for 2-3 different employers which is why I get one!
Thought I'd issue a reminder to those who arrived last year that they may be entitled to an income tax refund.If you have only worked part of a tax year then you may be due a tax refund. You would have to apply for it by filling in an IR3 [full tax return] rather than the easier route you can use once you've been resident the whole year. There are companies that can claim refunds on your behalf but it's easy enough to do yourself especially once you've been here a whole year. In my opinion the tax refund companies are really a bit of a scam.
The IR3 is a bit long winded but not that hard once you sit down with a calculator and your income and tax records.
http://www.ird.govt.nz/income-tax-in.../end-year/ir3/
I work for 2-3 different employers which is why I get one!
Jun 25th 2012, 10:17 am
#4
Queen of the Underworld
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Re: Tax refunds if you arrived in NZ last year
Not an expert so could be wrong of course! Doesn't happen often though
I got that info from the IRD website:
Also there is a calculator somewhere on there that tells you to file an IR3 if you were not tax resident for the whole year. If you can claim via the PTS then it is incredibly easy to do so much preferable.
Were you claiming for the 2011-2012 year? If you were then you were resident for the whole tax year so could claim via the PTS.
If it was the 2010-2011 year [so based on your earnings in March 2011] then that makes life easier for you new arrivals as no long winded IR3...
I got that info from the IRD website:
You'll also need to file an IR3 return if you:
•left or arrived in New Zealand part-way through the year
•left or arrived in New Zealand part-way through the year
Were you claiming for the 2011-2012 year? If you were then you were resident for the whole tax year so could claim via the PTS.
If it was the 2010-2011 year [so based on your earnings in March 2011] then that makes life easier for you new arrivals as no long winded IR3...
Jun 25th 2012, 7:53 pm
#6
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Re: Tax refunds if you arrived in NZ last year
Well i'll keep schtum - I arrived 10th March 2011 on a WHV (not as resident) so was claiming 11-12 - and they've granted it to me just with a PTS soooo............I'm happy!
Jun 25th 2012, 8:32 pm
#7
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Re: Tax refunds if you arrived in NZ last year
If you wish to claim a refund for the tax year 2010-2011 [for which you were only resident for tax purposes for 21days] then you will have to fill in an IR3.
Sep 3rd 2012, 8:50 am
#10
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Sep 3rd 2012, 8:59 am
#11
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Re: Tax refunds if you arrived in NZ last year
Mine took about 2 weeks back in June. I did it all online so didn't need to send any paperwork in.
Can't believe you're still waiting from May, you'd have been ahead of me as well
Can't believe you're still waiting from May, you'd have been ahead of me as well
Sep 3rd 2012, 4:02 pm
#12
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Joined: Nov 2007
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Re: Tax refunds if you arrived in NZ last year
I think that's the key... apply after the 'rush' ( I've done that in previous years and it has always been processed quickly). I'll give them another call today.
Nov 2nd 2012, 7:56 am
#14
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Location: Porirua, Wellington
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Re: Tax refunds if you arrived in NZ last year
I arrived last April and started work an August and got a good whack back! Course no one tells you this - I found out from my kiwi colleague who'd just come back from her OE.
Nov 25th 2012, 9:59 pm
#15
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Joined: Jun 2012
Posts: 85
Re: Tax refunds if you arrived in NZ last year
I got here last August and just processed mine. Once I was finally able to fill it in online (something wrong with the site I think) they paid up in under 2 weeks. I thought it would be a few hundred but I got a couple of thousand back! Glad I looked into it
