School Students |
| -
An increase in the child rebate from 1 April 2006 now allows primary or secondary schoolchildren to earn up to $2,340 a year ($45 a week) before PAYE or withholding tax needs to be deducted. -
If you employ primary or secondary schoolchildren, and they earn (or are expected to earn) less than $2,340 a year from all employers, you do not need to
deduct PAYE or withholding tax from the payments you make to them. -
If no tax deductions are made, you should exclude the child from the IR348 Employers Monthly Schedule.
A school student as defined above - Does not have to complete an IR330 tax code declaration.
- You are not required to deduct PAYE deductions.
- Are not to be included on your employer monthly schedule.
- You are still required to keep wage records for them.
| |