Reload site if trapped in frame
 
  Home   Contact   Index   FAQ's   Leave   Case Law   Purchase
Withholding Tax at Zero Percent

If the IRD has asked you to deduct tax at this rate set the employee tax code to 'NIL'.

No tax will be deducted from the employee wages, and the gross payment will still be returned on your monthly schedule showing the tax code as 'STC' - special tax code.

When designing Ace Payroll we included a 'NIL' tax code knowing it would be used by clients for whom the main objective is not complying with IRD requirements.

Imagine our surprise to see this feature really needed in reponse to an IRD request. Thank you Serial Number 5694!.

More On Tax Codes and Rates

  Tax changes on 1st October 2008   Student loan special tax codes
  Tax Code Entry   Tax rates are wrong
  Monthly printed tax table discrepancies   Deduct withholding tax at 0%
  Taxing of holiday pay   Deduct tax at a specified percentage
  Overwriting PAYE deductions   CAE and EDW codes
  Overwriting default PAYE & student loan   Payroll software IRD compliance
  Tax Code entry   Twice monthly PAYE returns
  Student loan voluntary repayments   Tax cuts in terms everyone can understand
  Alphabetical Index FAQ Questions FAQ Contents Back to top
Copyright © 1985 - 2008 Ace Payroll
Feedback? E-Mail Us! 		Call Toll Free
 0800 223 729 		Updated: 11th September 2008
Published: 18th July 1999 		Back to top

Unless otherwise indicated this document is the original work of Ace Payroll Plus Ltd, and is copyrighted accordingly. This copyright is protected under New Zealand and international law. Infringement or attempted dilution of these intellectual property rights will be prosecuted to the fullest extent possible.