Schedular Payments (WT)
Withholding tax on contractor / schedular payments (IR330C).
NZ$
%
Standard 20%; minimum 10% for elected contractors
Net payment
$4,000.00
Withheld: $1,000.00
| Gross | $5,000.00 |
|---|---|
| Withheld | −$1,000.00 |
| Net paid | $4,000.00 |
About this calculator
Schedular payments are payments to contractors in specified activities (real-estate agents, model agencies, certain commission earners, labour hire, IR330C-elected contractors). The payer must withhold tax — your declared rate is on IR330C.
- Standard withholding rate for elected contractors: 20% (you can pick any rate ≥10%).
- Some activities have higher minimums — see IR330C / Schedule 4 of the Income Tax Act.
- Your year-end income tax assessment squares up the actual liability.
Frequently asked questions
Can I pay 0% withholding?
Only if you have a Certificate of Exemption — typically issued only to taxpayers with a strong filing history.
Does GST come on top?
Yes if you're GST-registered. WT is separate from GST.
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Calculator NZ provides general information only. For decisions with significant financial, medical or legal consequence please consult a qualified professional.