Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.
Please note this sub-forum does not provide professional finance advice. You should seek advice from a licensed financial advisor.

To post in this sub-forum you must have made 100 posts or have Trust status or have completed our ID Verification.

If investing please consider our affiliate link for new accounts: Sharesies.



syaped

22 posts

Geek


#251214 13-Jun-2019 20:32
Send private message

As in the subject, is donor support through Patreon considered taxable income in NZ? I'm guessing yes but...


Create new topic
DjShadow
4093 posts

Uber Geek

ID Verified
Trusted

  #2257610 13-Jun-2019 20:41
Send private message

I would suggest asking IRD directly or get legal advice on this, I can't find a clear answer on Google about this.

 

You would have to be clear on what the money actually is e.g props up a youtube channel




freitasm
BDFL - Memuneh
79324 posts

Uber Geek

Administrator
ID Verified
Trusted
Geekzone
Lifetime subscriber

  #2257612 13-Jun-2019 20:51
Send private message

I'd assume every income to a NZ resident is taxable. Confirm with your accountant.




Please support Geekzone by subscribing, or using one of our referral links: Quic Broadband (free setup code: R587125ERQ6VE) | Samsung | AliExpress | Wise | Sharesies | Hatch | GoodSync 


richms
28219 posts

Uber Geek

Trusted
Lifetime subscriber

  #2257614 13-Jun-2019 20:54
Send private message

I would assume so, but if its income then lots of things become expenses so you may work out better off overall.





Richard rich.ms



deadlyllama
1264 posts

Uber Geek

Trusted

  #2257619 13-Jun-2019 21:14
Send private message

https://www.govt.nz/browse/tax-benefits-and-finance/tax/income-you-pay-tax-on/

 

I'd be very surprised if you didn't pay tax on it.  If it's a small amount I think there's some minimum (~500NZD/yr) under which you don't need to do an IR3 tax return, but I can't find the webpage about it.

 

If you incur costs providing the goods/service/etc that you're getting Patreon money for, you could set yourself up as a business (sole trader or limited company) and only pay tax on the profit.  This requires doing some accounting.  Profit isn't just cash in minus cash out.

 

The fact that you're asking this question in Geekzone suggests that you do not presently have sufficient knowledge & experience to do your own accounts.  Do you have any friends/relatives who run businesses?  Ask them for advice.


Geektastic
17946 posts

Uber Geek

Trusted
Lifetime subscriber

  #2257918 14-Jun-2019 09:12
Send private message

If I earn money from the US, it's taxed in the US by non resident withholding tax.

You get tax credit for that here.





Create new topic





News and reviews »

Gen Threat Report Reveals Rise in Crypto, Sextortion and Tech Support Scams
Posted 7-Aug-2025 13:09


Logitech G and McLaren Racing Sign New, Expanded Multi-Year Partnership
Posted 7-Aug-2025 13:00


A Third of New Zealanders Fall for Online Scams Says Trend Micro
Posted 7-Aug-2025 12:43


OPPO Releases Its Most Stylish and Compact Smartwatch Yet, the Watch X2 Mini.
Posted 7-Aug-2025 12:37


Epson Launches New High-End EH-LS9000B Home Theatre Laser Projector
Posted 7-Aug-2025 12:34


Air New Zealand Starts AI adoption with OpenAI
Posted 24-Jul-2025 16:00


eero Pro 7 Review
Posted 23-Jul-2025 12:07


BeeStation Plus Review
Posted 21-Jul-2025 14:21


eero Unveils New Wi-Fi 7 Products in New Zealand
Posted 21-Jul-2025 00:01


WiZ Introduces HDMI Sync Box and other Light Devices
Posted 20-Jul-2025 17:32


RedShield Enhances DDoS and Bot Attack Protection
Posted 20-Jul-2025 17:26


Seagate Ships 30TB Drives
Posted 17-Jul-2025 11:24


Oclean AirPump A10 Water Flosser Review
Posted 13-Jul-2025 11:05


Samsung Galaxy Z Fold7: Raising the Bar for Smartphones
Posted 10-Jul-2025 02:01


Samsung Galaxy Z Flip7 Brings New Edge-To-Edge FlexWindow
Posted 10-Jul-2025 02:01









Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.



Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.