Taxes and times...

Funny- NZ has a 31 March tax year, but that doesn't mean I need to file a tax return. From the IRD website (the NZ "CRA").
"Most people don't need to do anything
Most people who earn salary or wages pay the correct amount of tax and don't need to do anything at the end of the tax year (31 March)."
Not unless you work multiple jobs, or earn less than $9880, etc.

There are several tax brackets, and only 1 level of taxation- NZ not having provinces like in Canada. The tax system is immensely!! more simple.

There is not even a basic personal amount- and not the heaps and heaps of deductions allowed under the Canadian income tax system. There are several exceptions- you can get rebates for child care, housekeeper, and donations.

Employers deduct PAYE (pay as you earn) off every pay cheque at rates specified by government. These basically result in the "right" amount of tax being paid by the end of the year if you work full time on salary. Simpler- and less administration! Even the banks take off PAYE on your deposit interest.

I did my calculation and it was within $10.

The corporate tax regime also seems SO VERY much simpler...

If you're interested check out www.ird.govt.nz

We've turned quite cool this past week with lows in the 7 degree range overnight. We put our clocks back last weekend so its again light in the mornings when I get up- but with the days getting shorter that will soon change.

Time marches on and my time in Blenheim is drawing down. I only have another 3 weeks in my present job, before my move.

Until next time...