Making payday filing simple
16 January 2019
Sage has been working closely with New Zealand Inland Revenue and is ready for payday filing ahead of the 1st April 2019 start date.
The new releases of Sage MicrOpay and WageEasy now include a feature that covers New Zealand payday filing requirements. Changes are currently underway to modify the software to manage the changes that the New Zealand Inland Revenue Department (IRD) are putting in place.
Payday filing is an initiative of the Inland Revenue to reduce the number of steps and potential errors associated with processing and filing payroll.
From 1 April 2019, employers must send employment information to Inland Revenue every payday.
Yes, from 1st April 2019 payday filing comes into effect and is compulsory.
And if you make PAYE/ESCT deductions of more than $50,000 a year then you must file online.
Current process | Payday filing |
Monthly employer schedule (IR348 form) |
Every payday (within two working days of paying staff) Information sourced directly from Sage payroll software |
Timing of payroll filing: payroll reports submitted monthly to Inland Revenue |
Each time you paystaff, employment information must be sent to Inland Revenue within two working days (if you are filing electronically) |
$100,000 threshold for online filing of PAYE |
$50,000 threshold for online filing of PAYE |
Monthly employer schedule amendments (IR344 form) |
Replaced by updating/amending employment information in Sage |
EMS to be completed monthly |
EMS not required |
Setting up new employees (Tax code declaration (IR 330) and KiwiSaver deduction (KS2)) |
Online, pre-filled form for new employees which combines the requirements of IR 330 and KS2 forms |
Employer deduction form (IRS345) | No longer needed |
Make sure your employer details and employee details are correct and up to date in your Sage MicrOpay or Sage WageEasy software.
The new releases of Sage MicrOpay and WageEasy now include a feature that covers New Zealand payday filing requirements.
The data that is currently output in the EMS (IR348) file will include the same information as it does now, with the addition of the following data: