Type of tax returns

New Zealand Resident Sole Traders can use the IR3 - Individual income tax,  to supply their tax position to the IRD.^{1 2}

IR3 is required if a person receives an income of more than $200(before tax).³ If Shareholder-employees had received a salary with no PAYE deducted, this income has to be shown in their individual IR3.³

A company has to return an IR10, which is a financial statement Summary.^{1 4} IR7 can be used for partnerships and Look Through Companies(LTC).⁵

1. https://www.ird.govt.nz/-/media/project/ir/home/documents/forms-and-guides/ir300---ir399/ir320/ir320-2022.pdf

2. https://www.ird.govt.nz/income-tax/income-tax-for-individuals/what-happens-at-the-end-of-the-tax-year/individual-income-tax-return---ir3

3. https://www.ird.govt.nz/-/media/project/ir/home/documents/forms-and-guides/ir1---ir99/ir3g/ir3g-2022.pdf

4. https://www.ird.govt.nz/-/media/project/ir/home/documents/forms-and-guides/ir1---ir99/ir10/ir10-2016-onwards.pdf

5. https://www.ird.govt.nz/-/media/project/ir/home/documents/forms-and-guides/ir1---ir99/ir7/ir7-2021.pdf