Hi All,
I am working on a worksheet that automatically calculates the monthly cash flow for incomes >60k and also for <60k after deducting expenses. This will be a convenient tool to plan for financials and bugeting.
I just want to confirm that for the income we earn in NZ, is the income tax (19%, 33% and 39% blah blah) the only taxes imposed? Is there any hidden taxes, fees or contributions that I missed.
Also I am not entirely sure how we pay the IRD for the taxes. Monthly (thru the employer by deduction) or yearly?
Once completed I will post the excel worksheet for all to use.
Pulsarblu
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