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An IR 345 form is known as an Employer Deductions form. It is used by the Inland Revenue in the country of New Zealand for tax reporting and filing purposes. The form serves as a record and payment slip of the deductions made from your employee’s pay. This is a simple form that only requires one page of information. It is used to make payments to the Inland Revenue directly.
The form will require personal information about the payer, including name and address. The amount of each deduction can then be listed. This could be from PAYE, child support, student loans, KiwiSaver, or ESCT. The total amount should be listed. Payments can be made through the mail or electronically, but this form should be submitted either way.
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