-Taxation-
What is Tax?
Tax is a compulsory contribution to the government from your working income.
What is PAYE? (Pay as you earn)
PAYE is a withholding tax on income payments to employees.
What is RWT? (Residents withholding tax)
RWT is a tax that is deducted from the interest that you, as a New Zealand resident, earn from BNZ.
What is Provisional tax?
Provisional tax is a way of paying your income tax as the income is received through the year.
What is Terminal tax?
Terminal tax is the difference between what tax has been paid during the year and what is actually owed.
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