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Newsletter

12 June 2017

You need to follow the following steps when paying contractors:

  1. Check your accounting software includes the option to choose variable tax rates.
  2. Brief your payroll team as the contractor will need to be included on the employer monthly schedule (EMS).
  3. Download the new tax rate notification form (IR330C) and give it to your contractors to complete.
  4. Add the contractor to your EMS and complete as you would for any other person receiving schedular payments — ignore additional deductions, eg ACC, child support, KiwiSaver or student loan.
  5. If you employ contractors directly, you must record the agreement in a document.
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