Updates to levies on overseas income

Until now, ACC hasn’t been able to routinely include this income in levy calculations because it was combined with non-ACC leviable foreign earnings as part of individual tax returns. Inland Revenue can now provide us with more detailed overseas income information, so we’re obliged to levy this income. This change will impact 2023 ACC levy invoices and will include earnings received between 1 April 2022 – 31 March 2023.  It does not impact:

  • an employee of a New Zealand company, including as a shareholder-employee. They’re levied on their income regardless of whether their work takes place overseas.
  • New Zealanders receiving passive income, such as pensions, from overseas sources.
  • self-employed people who file IR3NR non-resident returns.