Contractor Invoice Template NZ
Create contractor invoice with tax amount to withhold (if applicable) as per IRD
Here is a contractor invoice template NZ contractors and freelancers use for issuing invoices to their employers and business clients.
As a contractor you might have signed the IR330C form before commencing work for your client and in that you might have selected the tax to be withheld. The minimum tax you need to select is 10% and your employer will withhold that amount before paying you.
To make sure you issue a contractor invoice template NZ compliant and as suggested by IRD please do not deducted the tax amount to be withheld from your invoice.
Please note this amount acts as advance income tax to IRD. At the end of the financial year when you submit your returns you will have to only pay excess amount of tax applicable of your income or you may be even eligible for a refund.
We have created a simple contractor invoice template NZ contractors use for creating invoices that are IRD compliant and also highlight the tax amount your employer can withhold.
Please note, as you are required to report your income to IRD you cannot deducted the withholding amount from your invoice as that would result in wrong invoicing and under reporting of your income.
The easiest way to issue a correct invoice would be use our contractor invoice template NZ that is used by contactors and freelancers like you.
As a contractor you might have signed the IR330C form before commencing work for your client and in that you might have selected the tax to be withheld. The minimum tax you need to select is 10% and your employer will withhold that amount before paying you.
To make sure you issue a contractor invoice template NZ compliant and as suggested by IRD please do not deducted the tax amount to be withheld from your invoice.
Please note this amount acts as advance income tax to IRD. At the end of the financial year when you submit your returns you will have to only pay excess amount of tax applicable of your income or you may be even eligible for a refund.
We have created a simple contractor invoice template NZ contractors use for creating invoices that are IRD compliant and also highlight the tax amount your employer can withhold.
Please note, as you are required to report your income to IRD you cannot deducted the withholding amount from your invoice as that would result in wrong invoicing and under reporting of your income.
The easiest way to issue a correct invoice would be use our contractor invoice template NZ that is used by contactors and freelancers like you.