From 1 of July 2017, Randstad, and all recruitment agencies, now have to withhold tax on behalf of all independent contractors on your weekly earnings (schedular payments). For more detailed information about these changes please visit the dedicated information site here.
what we need from you
You need to download and complete an IR 330C form, click here to access the form. Please send the form to your our contractor candidate experience consultant: email@example.com.
what Randstad will do
As at 1 July 2017, Randstad are required to:
- have information from all contractors by way of the IR 330C form
- deduct tax from payments made to contractors at rate selected by you on the IR 330C form. If no rate is selected, Randstad has to deduct the relevant default rate as decided by Inland Revenue
- provide this payment to Inland Revenue with supporting information through the Employer Monthly Schedule (EMS), as per the current process for PAYE employees.
how much will be deducted?
Randstad will deduct the amount indicated in your completed IR 330C form.
Please note, you cannot select a withholding rate less than the minimum rates provided by Inland Revenue:
- NZ resident 10%
- Non-residents and those on temporary visas 15%
You can access a calculator to help you pick your rate here.