What types of income must NZ sole traders declare?

As a New Zealand sole trader, you must declare all income from your business activities on your IR3. But the obligation goes further — you must also declare other personal income sources on the same return. **Business income to declare:** - All fees, payments, and sales from your self-employment - Income from online platforms (Upwork, Fiverr, Airbnb, Uber, etc.) - Barter transactions at their market value - Payments in kind (goods or services received in exchange for your services, at market value) **Other income to declare on your IR3:** - Any salary or wages from PAYE employment - Rental income (from investment properties) - Interest income (from banks, P2P lending) - Dividend income from shares - Overseas income if you are a NZ tax resident **Not taxable income:** - Capital gains from selling personal assets (NZ has no general capital gains tax, with important exceptions for certain property) - GST collected on behalf of IR (if GST-registered) - Inheritances Note: Inland Revenue receives information from banks, employers, and other sources. Under-declaring income is a major audit risk.

• All business income including online platform payments must be declared
• Barter and in-kind payments are taxable at market value
• Also declare: employment income, rental, interest, dividends
• Overseas income: declare if NZ tax resident
• NZ has no general capital gains tax (with property exceptions)