Nowadays, most people digitally receive a letter via MijnOverheid in their Message Box, but paper blue envelopes are still being sent. Not everyone who has to file a report gets a letter, but that does not mean that you do not have to pay taxes. If you know that you should pay taxes, you must actively arrange that yourself. Otherwise, you risk a fine.

Pre-completed data correct?

Please note: the tax authorities will fill in a lot of information beforehand. Handy, but not always correct. Sometimes there are language errors or the amounts are not correct. Pay particular attention to whether things like the wages, the details of your mortgage or the WOZ value of your house are correct. Check all pre-filled data, you are responsible for everything that is correct. If no special event has taken place in the past year, please include the declaration from last year as a guideline. Now you can find the best Business Advisors Auckland for this task.

Can you deduct medicine costs?

Costs for insoles, adjustments to a car or bicycle, nursing in a hospital and dietary expenses are some examples of deductions. See the entire overview here.
Travel costs for public transport

Whoever commits to work by public transport may be entitled to a travel allowance. If you meet the conditions of the tax authorities, you may deduct a fixed amount from your income, but these are not the actual costs incurred. Do you get a compensation from your employer? Then you first have to pick it up yourself. How much you can deduct depends on the distance and the number of days you work.

If you give money every year to a public benefit institution (ANBI), you may deduct that gift. The threshold amount is 1% of your threshold income, with a minimum of sixty euros. The threshold income is a collection of your total income and deductible items in boxes 1, 2 and 3. You may deduct a maximum of 10% of your threshold income. You can deduct regular gifts entirely. That is when you give the same amount to an institution or association every year. 'You have to donate for five years in a row and you have to record it in an agreement.'

About the Company: Ramesh, Chartered Accountant at Kiwi Tax Accountants, is based in Mt Roskill, Auckland, but thanks to Xero and the power of the cloud, we can help your business with accounting no matter where you are in New Zealand.