The tax codes "ME" and "ME SL" are for employees that are eligible for the Independent Earner Tax Credit (IETC). Learn more about this tax credit on the Inland Revenue Website.
This tax credit is available to employees who have an annual income of between $24,000 and $48,000 and meet all other criteria:
Employees who earn between $24,000 and $44,000 annually will receive an extra $10 per week.
Employees who earn between $44,001 and $47,999 will receive an abated entitlement. The abatement is $0.13c in each dollar.
Employees can claim the credit by completing a 'Tax Code Declaration' form (IR330) or by notifying their employer in writing of their want to change their tax code to one of the following:
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