From 1 April 2019, Inland Revenue requires all businesses paying over $50,000 in PAYE and Employer Superannuation Withholding Tax to file their employment information every payday. This payday filing system will replace the current Employer Monthly Schedule (EMS) that’s usually done via my-IR or post.
As part of this change of process, Inland Revenue will require additional submissions of employee start and leave information; including employee opt-in and opt-out information for KiwiSaver and social policy deductions – all submitted electronically within two working days of being paid.
You can find a full list of Employer Responsibilities for the new system here. April 2019 might seem far away but it’s only 5 months and counting… time to get organised!
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