Another awesome thing about NZ… annual taxes. My taxes are automatically taken out of my paycheck. My savings account, which by the way earns about 3.5%, also automatically deducts taxes.
Then, without any intervention from me, the government reconciles everything at the end of the year and either sends a bill or a credit. No tax return, no adding extra deductions to account for multiple wage earners, no TurboTax.
Now, all I have to do is figure out how to spend my huge windfall!