You will need your IRD number and a copy of your NZ drivers licence in order to complete an on-line application. If you do not have a NZ drivers licence, you can still apply online, however you will be prompted to print out, complete and sign a copy of the PDF application form which you can either fax, FREEpost or scan & email it to us along with a photocopy of either your passport, 18+ Card, NZ firearms licence, international drivers permit or a NZ certificate of identity. See the Contact Us page for contact details.
How it Works
Who gets a refund?
Over 80% of online applicants are entitled to a tax refund and we have the LOWEST FIXED FEE in NZ.
It is impossible for us to tell whether someone is eligible for an IRD tax refund until we have completed an assessment of your tax position. There are so many factors that can affect the final result.
The IRD will automatically issue an income tax assessment for salary and wage earners for the most recently completed tax year but we are still able to check this for you. In some cases IR will automatically issue the resulting refund or tax bill. In some cases it will not be automatically issued as additonal information will be required. IRD do not automatically issue assessments for previous unclaimed tax refunds.
Mytaxrefunds aims to get you the biggest possible NZ tax refunds and ensure that you benefit from any of the valuable tax credits that you may be entitled to during one or more of the past 5 years, such as:
Independent Earners Tax Credit – This is a NZ tax credit of up to $520 if you have earned between $24,000 - $48,000 during any of the past 5 years.
Tax deductible expenses – Such as our fee, which also increases the value of your NZ tax refund.
You can enjoy one or more of these tax credits regardless of whether your employer has deducted the correct amount of PAYE from your wages. Of course your IRD refund will be even bigger if your employer has deducted too much tax from your pay.
The great news is we can recover any overpaid taxes for any of the past 5 years. Unfortunately NZ tax legislation won’t allow us to request any refunds that are older than 5 years, which we feel is a little unfair. If you don’t work, or at least haven’t worked prior to 31st March it is less likely that we’ll be able to get an IRD refund for you….but unless you check, you will never know what you’re missing out on.
We GUARANTEE to have the LOWEST FIXED FEE in NZ
Our low on-line personal tax refund application fee is just $39, regardless of how big your refund is. Whereas other tax agents might charge you several hundred dollars for the same service, we charge a maximum of $39 per tax year.
This low fee applies to all tax assessments, for all tax types and for all years either assessed, checked or received by our agency.
- However, if you are required, for any reason, to file an IR3, or you have any schedular expenses to claim, our minimum filing fee is $89 plus gst
- Rental Property return assessment fee $199+gst per return
- Brightline Test assessment fee $149+gst
- Driveshare(eg UBER) & Air BnB assessment fee $149+gst
If you delink us as your tax agent after we have assessed, checked or received your refund(s) or after we have filed your tax return you will still be liable to pay our fee for the service we have provided. Fees are incurred on the day that your application is submitted or on the day that the assessment is undertaken.
- If you do not provide us with your bank account your tax refund(s) will be issued by cheque. Our cheque processing fee is $5 for each tax refund we issue. Please note Kiwibank no longer accepts cheque deposits. Most other banks will cease accepting cheques from June 2021.
- If a cheque is required to be cancelled for any reason, ieyour bank won't accept it, you have moved address and failed to notify us or if NZ Post fail to deliver it, a cheque cancellation fee of $30 will be deducted from your refund before any remaining refund is issued to you.
- ID verification: $3 per refund issued. Verification is required each time you submit an application.
Tax refund facts & tips
Here's some things that we think you should know.
We have the lowest processing fee in NZ!
FACT: Our $39 flat fee is one of the lowest fixed fee in NZ, This means you end up with a bigger tax refund. We guarantee to beat any competitors fixed fee by a further 10%
Tip: If you want the biggest possible refund, simply complete our application form and ensure you answer all the questions as accurately as possible.
FACT: It is the taxpayer’s responsibility to ensure that their employer is using the correct tax code. When starting a new job, you need to indicate to your employer what your tax code should be by filling in an IR330 form. If your circumstances change during employment, you need to inform your employer and complete another IR330 form.
Tip: If your circumstances change, ie you start a new job or forsee any changes to your income, your tax code may need to be changed. If you begin receiving another source of income, have a significant change in your earnings or your family begins receiving working for family tax credits, check again that your tax code is still correct!
Tip: If you start a 2nd job, it is likely that you will need to use a secondary tax code. If you don’t, you could end up with a big tax bill at the end of the year.
Working For Family Tax Credits
FACT: If you have children, depending on your circumstances, Inland Revenue will provide additional financial support in the form of Working For Family Tax Credits. How much money you will get is dependent on a number of factors including the number and age of your children, your total family income and whether or not you are employed. You can choose to receive these additional payments either weekly/fortnightly or as a lump sum at the end of the NZ tax year.
Tip: At the end of the financial year the IRD will assess the payments you have received. If you have received more than your entitlement they may issue you with a tax bill. To avoid this from happening, always overestimate your family’s income for the year. That way you’ll end up with a bigger refund at the end of the year.
Tip: If you have chosen to receive your WFFTC as a lump sum, you need to let us know if the care arrangements for your children have changed during the year and we will ensure you get the maximum possible refund. Also, let us know if you’ve had any more children during the past year as you may be eligible for a Parental Tax Credit. You’ll receive a much bigger refund at the end of the year if you choose the lump sum option.
FACT: Schedular payments are typically paid to you when you are working as a contractor rather than an employee. You might receive schedular payments if you have done any promotional work, acting or modelling, temp work of any commission based sales work. Schedular payments are usually taxed at a flat rate for example its 20% for commission based sales work. IF you have received schedular payments you may be able to claim work related tax deductible expenses
Tip: If you are receiving schedular payments you may be able to claim for work related expenses that were incurred during the period you were receiving schedular payments. In order to claim, make sure you keep all of your receipts and records.
ip: If you have been asked by your employer to use a WT tax code, this will be a good indication that you are receiving schedular payments.
Tip: If you plan on claiming any vehicle related expenses you will need to keep a log book to record your mileage when your vehicle has been used for work related and purposes and personal travel.
FACT: If you have made a donation of over $5 to a registered New Zealand Charitable Organisation you may be able to claim a third of this back as a donations rebate. You can only claim donations rebates for the past 4 tax years.
Tip: Keep all of your donations receipts and statements and send them into us at the end of the financial year.
FACT: As an employee there are very few tax deductible expenses that you can claim. However, if you have paid any premiums for loss of income insurance or if you have someone to prepare your tax return, we will be able to claim a tax credit for these expenses.
Tip: You can check with the insurance provider as to whether a premium is able to be claimed as a tax deductible expense. Remember to keep the statements so that we can include these in your tax return at the end of the financial year.
Tip: Our processing fees are a tax deductible expense and by including these in your PTS or IR3 it will increase your NZ tax refund.
FACT: If you have received any other form of income over $200 other than wages or salary then you must declare this income and we have to include it in your return.
Tip: The good news is that you may be able to claim any provide receipts or statements.
Changes to Property Rules
New Zealand citizens and residents
FACT: When buying, selling or transferring New Zealand property, excluding your main home, you now need to provide your:
- IRD number
- taxpayer identification number (TIN) from any overseas countries where you have to pay tax on your worldwide income, if you have one.
Tip: Give this information to your property lawyer or conveyancer this information. You can also do this by filling in a Land Transfer Tax Statement, which is available on the Land Information New Zealand (LINZ) website. If you’re transferring property that’s in trust, you need to supply the IRD number for the trust. Trustees’ IRD numbers can’t be accepted.
FACT: When buying, selling or transferring property in New Zealand, you now have to provide your:
- New Zealand IRD number and
- taxpayer identification number (TIN) from any countries where you have to pay tax on your worldwide income.
Tip: Give this information to your property lawyer or conveyancer this information. You can also do this by filling in a Land Transfer Tax Statement, which is available on the Land Information New Zealand (LINZ) website.
Which company has the lowest fees for processing a tax refund? MYTAXREFUNDS.CO.NZ does!