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Do you need to request PTS (Personal Tax Summary)?

Customers who must request a PTS

Customers who are not required to file an IR 3 tax return will need to request a PTS in the following circumstances.

If you haven’t automatically received a PTS by the customer’s terminal tax date you must request one if you:

  • received income that has not had sufficient PAYE deducted and the residual income tax (RIT) is $500 or more debit or credit
  • received income with PAYE deducted that has not had sufficient student loan deductions made and the residual repayment obligation is more than $20
  • received more than $200 of secondary employment earnings and these earnings were not taxed at:
    • 33% and your income was more than $48,000 but not more than $70,000, or
    • 38% or 39% and your income was more than $70,000
  • received more than $200 as an election day worker and you used the EDW tax code
  • received more than $200 as a casual agricultural employee and you used the CAE tax code
  • received income that has tax deducted at a rate determined by a special tax code
  • received Working for Families Tax Credits (WfFTC) from Inland Revenue during the tax year or are registered for WfFTC and entitled to receive a lump sum payment
  • are or were married or in a civil union or de facto relationship during the tax year with a person who received WfFTC from Inland Revenue or who is registered for WfFTC and is entitled to receive a lump sum payment for that tax year
  • received WfFTC from Work and Income during the tax year and the amount of family credit abatement under section MD 13 of the Income Tax Act 2007 is greater than zero
  • are married or in a civil union or de facto relationship during the tax year with a person who received WfFTC from Work and Income during the tax year and the amount of family credit abatement under section MD 13 of the Income Tax Act 2007 is greater than zero during that tax year.

Courtesy: http://www.ird.govt.nz/technical-tax/general-articles/determinations-other-taxpayers-need-request-pts.html

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