![]() ![]() ![]() ![]() The easiest way to issue a correct invoice would be use our contractor invoice template NZ that is used by contactors and freelancers like you. Please note, as you are required to report your income to IRD you cannot deducted the withholding amount from your invoice as that would result in wrong invoicing and under reporting of your income. We have created a simple contractor invoice template NZ contractors use for creating invoices that are IRD compliant and also highlight the tax amount your employer can withhold. At the end of the financial year when you submit your returns you will have to only pay excess amount of tax applicable of your income or you may be even eligible for a refund. Please note this amount acts as advance income tax to IRD. To make sure you issue a contractor invoice template NZ compliant and as suggested by IRD please do not deducted the tax amount to be withheld from your invoice. Fill it out in Word or Excel and send it electronically as a PDF or. You can create professional looking invoices with a template that you can customize for your business. The minimum tax you need to select is 10% and your employer will withhold that amount before paying you. When you’re a small business that provides a service to customers, then you need to be able to bill them for those services with an invoice. Here is a contractor invoice template NZ contractors and freelancers use for issuing invoices to their employers and business clients.Īs a contractor you might have signed the IR330C form before commencing work for your client and in that you might have selected the tax to be withheld.
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May 2023
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