IR9 Question 20 Tax calculation
Incorporated bodies
are taxed at 28 cents in the dollar, and
may be provisional tax payers, and so may have to make provisional tax payments—see IR9 Question 22 Initial provisional tax liability.
Unincorporated bodies
are assessed at individual tax rates but are not entitled to independent earner tax credits, and
may be provisional tax payers, so may have to make provisional tax payments—see IR9 Question 22 Initial provisional tax liability.
If your organisation is an unincorporated body, calculate the tax on its taxable income using these rates.
Income thresholds | Income tax rates for the 2020 income year |
---|---|
$0 – $14,000 | 10.5% |
$14,001 – $48,000 | 17.5% |
$48,001 – $70,000 | 30.0% |
$70,001 + | 33.0% |
Claim any tax deducted from income paid to the organisation in Box 20A, 20C, 20G or 20I as appropriate.