Tax Configuration - New Zealand

Use this tab to define the transaction types to use when calculating tax for extra pay. The required transaction types are included in the tax scales Greentree produces and as part of the import will be setup on this tab.

Retiring or redundancy payments are not subject to the earners levy and have a separate set of tax transaction types that don't include the earners levy.

Options Reference

Each option and field on the form is described below. Mandatory options and fields are highlighted in red.

Extra Pay

14000 or less

Select the tax transaction type for lump sum payments when the full years income is $14,000 or less.

14001 - 48000

Select the tax transaction type for lump sum payments when the full years is between $14,001 and $48,000.

48001 - 70000

Select the tax transaction type for lump sum payments when the full years income is between $48,001 and $70,000.

70001 or more

Select the tax transaction type for lump sum payments when the full years income is $70,001 or more.

Over ACC earner's levy

Select the tax transaction type for lump sum payments when the full years income is above the ACC earner's levy threshold.

Accumulator

Select the Accumulator that holds all the transaction types that are to be taxed as extra pay.

Retiring, redundancy or ESS payments

14000 or less

Select the tax transaction type for lump sum payments when the full years income is $14,000 or less. This transaction type does not include the earners levy.

14001 - 48000

Select the tax transaction type for lump sum payments when the full years income is between $14,001 and $48,000. This transaction type does not include the earners levy.

48001 - 70000

Select the tax transaction type for lump sum payments when the full years income is between $48,001 and $70,000. This transaction type does not include the earners levy.

70001 or more

Select the tax transaction type for lump sum payments when the full years income is $70,001 or more. This transaction type does not include the earners levy.

Special Tax Code

Select the tax transaction type used when an employee that has a special tax code receives a retiring, redundancy or ESS payment. The employee's special tax code will then be reduced by the earners levy.

Accumulator

Select the Accumulator that holds all the transaction types that are to be taxed as extra pay for retiring, redundancy or ESS payments.