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Resources

Key Dates

Date Category Description
5 May

 PAYE
  • Payment due for large employers for the period 16 April to 30 April
  • File employment information within 2 working days after payday
7 May GST
  • Return and payment due for period ended 31 March
7 May Provisional Tax - Ratio Option
  • 1st instalment (January balance date)
  • 2nd instalment (November balance date)
  • 3rd instalment (September balance date)
  • 4th instalment (July balance date)
  • 5th instalment (May balance date)
  • 6th instalment (March balance date)
7 May Provisional  Tax  - Standard or Estimation Option and/or 1 or 2 monthly GST filing & Student Loan Interim Payments
  • 1st instalment (November balance date)
  • 2nd instalment (July balance date)
  • 3rd instalment (March balance date)
7 May Provisional Tax - Six Monthly GST Filing
  • 1st instalment (September balance date)
  • 2nd instalment (March balance date)
20 May PAYE
  • Payment due for small employers for the period 1 April to 30 April
  • Payment due for large employers for the period 1 May to 15 May
  • File employment information within 2 working days after payday
20 May RWT
  • RWT Return and payment due for deductions from dividends and deductions of $500 or more from interest paid during April
20 May N-RWT / Approved Issuer Levy
  • Payment and Return due for either preceding months' Non Resident Withholding Tax or Approved Issuer Levy
20 May Gaming Machine Duty
  • Return (IR680) and payment due for the month ended 30 April
28 May GST
  • Return and payment due for the period ended 30 April
28 May Provisional Tax - Ratio Option
  • 1st instalment (February balance date)
  • 2nd instalment (December balance date)
  • 3rd instalment (October balance date)
  • 4th instalment (August balance date)
  • 5th instalment (June balance date)
  • 6th instalment (April balance date)
28 May Provisional  Tax - Standard or Estimation Option and or 1 or 2 monthly GST filing & Student Loan Interim Payments
  • 1st instalment (December balance date)
  • 2nd instalment (August balance date)
  • 3rd instalment (April balance date)
28 May

 Provisional Tax - Six monthly GST filing
  • 1st instalment (October balance date)
  • 2nd instalment (April balance date)
1 June
(as 31 May falls on a weekend)		 RWT
  • Annual reconciliation statements (IR15S, interest and IR17S or 17SA) due for the year ended 31 March
1 June
(as 31 May falls on a weekend)		 FBT
  • FBT return (IR420) and payment due for employers for the quarter ending 31 March (if completed on a quarterly basis)
  • FBT return (IR422) and payment due for employers for the year ended 31 March (If completed on an annual basis). Employers who provide no fringe benefits are to file an annual Nil return (IR419), unless the CIR has waived this requirement

(as 31 May falls on a weekend)RWTAnnual reconciliation statements (IR15S, interest and IR17S or 17SA) due for the year ended 31 March1 June
(as 31 May falls on a weekend) FBT FBT Return and (IR420 and payment due for employers for the quarter ending 31 March (if completed on a quarterly basis)  
Date Category Description
Payment due for large employers for the period 16 May to 31 May File employment information within 2 working days after payday
5 June PAYE
22 June (as 20th falls on a weekend)PAYE
Payment due for small employers for the period 1 May to 31 May
Payment due for large employers for the period 1 June to 15 June
File employment information within 2 working days after payday
22 June (as 20th falls on a weekend)RWT
RWT Return and payment due for deductions from dividends and deductions of $500 or more from interest paid during May
22 June (as 20th falls on a weekend)N-RWT / Approved Issuer Levy
  • Payment and Return due for either preceding month's Non-Resident Withholding Tax or Approved Issuer Levy
22 June (as 20th falls on a weekend)Gaming Machine Duty
Return (IR680) and payment due for the month ended 31 May
22 June (as 20th falls on a weekend)Dividend Withholding Payment
Where a dividend withholding payment account company has a debit balance as at 31 March, a further dividend withholding payment and dividend payment penalty is now due and payable
22 June (as 20th falls on a weekend)Imputation penalty tax
Where an imputation credit account company has a debit balance at 31 March, further income tax and imputation penalty is now due and payable
29 June (as 28th falls on a weekend)GST
Return and payment due for the period ended 31 May
29 June (as 28th falls on a weekend) Provisional Tax - Standard or Estimation Option and/or 1 or 2 monthly GST filing & Student Loan Interim Payments
1st instalment (January balance date)
2nd >instalment (September balance date)
3rd >instalment (May balance date)
29 June (as 28th falls on a weekend) Provisional Tax - Ratio Option
1st instalment (March balance date)
2nd instalment (January balance date)
3rd instalment (November balance date)
4th instalment (September balance date)
5th instalment (July balance date)
6th instalment (May balance date)
29 June (as 28th falls on a weekend) Provisional Tax - Six monthly GST filing
  • 1st instalment (November balance date
    2nd instalment (May balance date)
30 JuneFBT Last date for employers to elect to pay FBT annually

Date Category Description

6 July
(as 5th falls on a weekend)
           

 PAYE
  • Payment due for large employers for the period 16 June to 30 June
  • File employment information within 2 working days after payday
7 July Income Tax Returns
  • Tax returns for the year ended 31 March are to be filed by taxpayers (without a tax agent) with balance dates between 1 October and 31 March:
    • Individuals (IR3)
    • Companies & Unit Trusts (IR4)
    • Estates or Trusts (IR6)
    • Partnerships (IR7)
    • Clubs & Societies (IR9)
    • Superannuation Funds (IR44)
7 July  Annual Returns
  • Last day for taxpayers (without a tax agent) with balance dates 1 October and 31 March to also file:
    • Imputation return
    • Dividend withholding payment return
    • Branch equivalent tax account return
    • Policyholder credit account return
    • Company dividend statement
    • Student loan form SL9
20 July PAYE
  • Payment due for small employers for the period 1 June to 30 June
  • Payment due for large employers for the period 1 July to 15 July
  • File employment information within 2 working days after payday
20 July RWT
  • RWT Return and payment due for deductions from dividends and deductions of $500 or more from interest paid during June
20 July N-RWT / Approved Issuer Levy
  • Payment and Return due for either preceding months' Non-Resident Withholding Tax or Approved Issuer Levy
20 July FBT
  • FBT return (IR420) and payment due for employers for  the quarter ending 30 June (if completed on a quarterly basis)
20 July Gaming Machine Duty
  • Return (IR680) and payment due for the month ended 30 June
20 July Foreign Dividend Withholding Payment
  • IR4F return and payment due for foreign dividends received in the quarter ending 30 June
28 July GST
  • Return and payment due for the period ended 30 June
28 July Provisional Tax - Ratio Option 
  • 1st instalment (April balance date)
  • 2nd instalment (February balance date)
  • 3rd instalment (December balance date)
  • 4th instalment (October balance date)
  • 5th instalment (August balance date)
  • 6th instalment (June balance date)
28 July Provisional  Tax - Standard or Estimation Option and/or 1 or 2 monthly GST filing & Student Loan Interim Payments
  • 1st instalment (February balance date)
  • 2nd instalment (October balance date)
  • 3rd instalment (June balance date)
28 July Provisional Tax - Six monthly GST filing
  • 1st instalment (December balance date)
  • 2nd instalment (June balance date)

Date Category Description
5 August PAYE
  • Payment due for large employers for the period 16 July to 31 July
  • File employment information within 2 working days after payday
7 August Annual Returns
  • Due date for annual returns for taxpayers (without a tax agent) that have an April balance date
    • Income tax return
    • Imputation return
    • Dividend withholding payment return
    • Branch equivalent tax account return
    • Policyholder credit account return
    • Company dividend statement
    • Student loan form SL9
20 August PAYE
  • Payment due for small employers for the period 1 July to 31 July
  • Payment due for large employers for the period 1 August to 15 August
  • File employment information within 2 working days after payday
20 August RWT
  • RWT Return and payment due for deductions from dividends and deductions of $500 or more from interest paid during July
20 August

 

 N-RWT / Approved Issuer Levy
  • Payment and Return due for either preceding months' Non-Resident Withholding Tax or Approved Issuer Levy
20 August Gaming Machine Duty
  • Return (IR680) and payment due for the month ended 31 July
28 August GST
  • Return and payment due for period ended 31 July
28 August Provisional Tax - Ratio Option 
  • 1st instalment (May balance date)
  • 2nd instalment (March balance date)
  • 3rd instalment (January balance date)
  • 4th instalment (November balance date)
  • 5th instalment (September balance date)
  • 6th instalment (July balance date)
28 August Provisional Tax - Standard or Estimation Option and/or 1 or 2 monthly GST filing & Student Loan Interim Payments
  • 1st instalment (March balance date)
  • 2nd instalment (November balance date)
  • 3rd instalment (July balance date)
28 August Provisional Tax - Six monthly GST filing
  • 1st instalment (January balance date)
  • 2nd instalment (July balance date)

Date Category Description
7 September
(as 5th falls on a weekend)		 PAYE
  • Payment due for large employers for the period 16 August to 31 August
  • File employment information within 2 working days after payday
7 September Terminal Tax
  • For taxpayers (without a tax agent) with an October balance date
7 September  Terminal Student Loan Repayment
  • For those (without a tax agent) with an October balance date
7 September   Qualifying Company Election Tax
  • IR4P return and payment due for companies (without a tax agent) with an October balance date
7 September  Annual Returns
  • Due date for annual returns for taxpayers (without a tax agent) that have a May balance date
    • Income tax return
    • Imputation return
    • Dividend withholding payment return
    • Branch equivalent tax account return
    • Policyholder credit account return
    • Company dividend statement
    • Student loan form SL9
7 September  FBT
  • FBT return (IR421) and payment due for employers (without a tax agent) with an October balance date (if payable on income year basis)
21 September)
(as 20th falls on a weekend)		 PAYE
  • Payment due for small employers for the period 1 August to 31 August
  • Payment due for large employers for the period 1 September to 15 September
  • File employment information within 2 working days after payday
21 September)
(as 20th falls on a weekend)		 RWT
  • RWT Return and payment due for deductions from dividends and deductions of $500 or more from interest paid during August
21 September)
(as 20th falls on a weekend)		 N-RWT / Approved Issuer Levy
  • Payment and Return due for either preceding months' Non Resident Withholding Tax or Approved Issuer Levy
21 September)
(as 20th falls on a weekend)		 Gaming Machine Duty
  • Return (IR680) and payment due for month ended 31 August
30 September
(due to 28th falling on a weekend)		 GST
  • Return and payment due for period ended 31 August
30 September
(due to 28th falling on a weekend) 		Provisional Tax - Ratio Option
  • 1st instalment (June balance date)
  • 2nd instalment (April balance date)
  • 3rd instalment (February balance date)
  • 4th instalment (December balance date)
  • 5th instalment (October balance date)
  • 6th instalment (August balance date)
28 September
 		 Provisional Tax - Standard or Estimation Option and/or 1 or 2 monthly GST filing & Student Loan Interim Payments
  • 1st instalment (April balance date)
  • 2nd instalment (December balance date)
  • 3rd instalment (August balance date)
28 September Provisional Tax - Six monthly GST filing
  • 1st instalment (February balance date)
  • 2nd instalment (August balance date)
30 September Student Loan
  • 1st repayment instalment due for borrowers who are overseas

Date Category Description
5 October PAYE
  • Payment due for large employers for the period 16 September to 30 September
  • File employment information within 2 working days after payday
7 October Terminal Tax
  • For taxpayers (without a tax agent) with a November balance date
7 October Terminal Student Loan Repayment
  • For those (without a tax agent) with a November balance date
7 October Qualifying Company Tax Election
  • IR 4P return and payment due for companies (without a tax agent) with a November balance date
7 October Annual Returns
  • Due date for annual returns for taxpayers (without a tax agent) that have a June balance date
    • Income tax return
    • Imputation return
    • Dividend withholding payment return
    • Branch equivalent tax account return
    • Policyholder credit account return
    • Company dividend statement
    • Student Loan form SL9
7 October FBT
  • FBT return (IR421) and payment due for employers (without a tax agent) with a November balance date (if payable on income year basis)
20 October PAYE
  • Payment due for small employers for the period 1 September to 30 September
  • Payment due for large employers for the period 1 October to 15 October
  • File employment information within 2 working days after payday
20 October  RWT
  • RWT Return and payment due for deductions from dividends and deductions of $500 or more from interest paid during September
  • RWT Return and payment due for interest payments made between 1 April and 30 September where deductions do not exceed $500 per month
20 October  Approved Issuer Levy
  • Return and payment due for Approved Issuer Levy made in period between 1 April and 30 September where estimations of the deductions of the levy will not exceed $500
20 October  N-RWT / Approved Issuer Levy
  • Payment and Return due for either preceding month's Non-Resident Withholding Tax or Approved Issuer Levy
20 October  FBT
  • FBT return (IR420) and payment due for employers for the quarter ending 30 September (if completed on a quarterly basis)
20 October  Gaming Machine Duty
  • Return (IR680) and payment due for month ended 30 September
20 October  Foreign Dividend Withholding Payment
  • IR4F return and payment due for foreign dividends received in the quarter ending 30 September
28 October GST
  • Return and payment are due for the period ended 30 September
28 October Provisional Tax - Ratio Option 
  • 1st instalment (July balance date)
  • 2nd instalment (May balance date)
  • 3rd instalment (March balance date)
  • 4th instalment (January balance date)
  • 5th instalment (November balance date)
  • 6th instalment (September balance date)
28 October   Provisional Tax - Standard or Estimation Option and/or 1 or 2 monthly GST filing & Student Loan Interim Payments
  • 1st instalment (May balance date)
  • 2nd instalment (January balance date)
  • 3rd instalment (September balance date)
28 October Provisional Tax - Six monthly GST filing
  • 1st instalment (March balance date)
  • 2nd instalment (September balance date)

Date Category Description
5 November PAYE
  • Payment due for large employers for the period 16 October to 31 October
  • File employment information within 2 working days after payday
9 November
(as 7th falls on a weekend) 		Terminal Tax
  • For taxpayers (without a tax agent) with a December balance date
  • For taxpayers (with tax agent) with an October balance date
9 November
(as 7th falls on a weekend)		 Terminal Student Loan Repayment
  • For those (without a tax agent) with a December balance date
  • For those (with tax agent) with an October balance date
9 November
(as 7th falls on a weekend)		 Qualifying Company Election Tax
  • IR 4P return and payment due for companies (without a tax agent) with a December balance date
  • IR 4P return and payment due for companies (with a tax agent) with an October balance date
9 November
(as 7th falls on a weekend)		 Annual Returns
  • Due date for annual returns for taxpayers (without a tax agent) that have a July balance date
    • Income tax return
    • Imputation return
    • Dividend withholding payment return
    • Branch equivalent tax account return
    • Policyholder credit account return
    • Company dividend statement
    • Student Loan form SL9
9 November
(as 7th falls on a weekend)		 FBT
  • FBT return (IR421) and payment due for employers (with a tax agent) with an October balance date (if payable on income year basis)
  • FBT return (IR421) and payment due for employers (without a tax agent) with a December balance date (if payable on income year basis)
20 November PAYE
  • Payment due for small employers for the period 1 October to 31 October
  • Payment due for large employers for the period 1 November to 15 November
  • File employment information within 2 working days after payday
20 November RWT
  • RWT Return and payment due for deductions from dividends and deductions of $500 or more from interest paid during October
20 November N-RWT / Approved Issuer Levy
  • Payment and Return due for either preceding months' Non-Resident Withholding Tax or Approved Issuer Levy
20 November Gaming Machine Duty
  • Return (IR680) and payment due for the month ended 31 October
30 November
(as 28th falls on a weekend)		 GST
  • Return and payment due for period ended 31 October
30 November
(as 28th falls on a weekend)		 Provisional Tax Ratio Option
  • 1st instalment (August balance date)
  • 2nd instalment (June balance date)
  • 3rd instalment (April balance date)
  • 4th instalment (February balance date)
  • 5th instalment (December balance date)
  • 6th instalment (October balance date)
30 November
(as 28th falls on a weekend)		 Provisional  Tax - Standard or Estimation Option and/or 1 or 2 monthly GST filing & Student Loan Interim Payments
  • 1st instalment (June balance date)
  • 2nd instalment (February balance date)
  • 3rd instalment (October balance date)
30 November
(as 28th falls on a weekend)		 Provisional Tax - Six monthly GST filing
  • 1st instalment (April balance date)
  • 2nd instalment (October balance date)

Date Category Description
7 December
(as 5th falls on a weekend)		 PAYE
  • Payment due for large employers for the period 16 November to 30 November
  • File employment information within 2 working days after payday
7 December Terminal Tax
  • For taxpayers (without a tax agent) with a January balance date
  • For taxpayers (with a tax agent) with a November balance date
7 December  Terminal Student Loan Repayment
  • For those (without a tax agent) with a January balance date
  • For those (with a tax agent) with a November balance date
7 December  Annual Returns
  • Due date for annual returns for taxpayers (without a tax agent) that have an August balance date
    • Income tax return
    • Imputation return
    • Dividend withholding payment return
    • Branch equivalent tax account return
    • Policyholder credit account return
    • Company dividend statement
    • Student loan form SL9
7 December FBT
  • FBT return (IR421) and payment due for employers (with a tax agent) with a November balance date (if payable on income year basis)
  • FBT return (IR421) and payment due for employers (without a tax agent) with a January balance date (if payable on income year basis)
7 December Qualifying Company Election tax
  • IR4P return and payment due for companies (with no tax agent) with a January balance date
  • IR4P return and payment due for companies (with a tax agent) with a November balance date
21 December
(as 20th falls on a weekend)		 PAYE
  • Payment due for small employers for the period 1 November to 30 November
  • Payment due for large employers for the period 1 December to 15 December
  • File employment information within 2 working days after payday
21 December
(as 20th falls on a weekend)  		 RWT
  • RWT Return and Payment due for deductions from dividends and deductions of $500 or more from interest paid during November
21 December
(as 20th falls on a weekend)  		 N-RWT / Approved Issuer Levy
  • Payment and Return due for either preceding month's Non-Resident Withholding Tax or Approved Issuer Levy
21 December
(as 20th falls on a weekend)  		 Gaming Machine Duty
  • Return (IR680) and payment due for the month ended 30 November

Date Category Description
7 January
            		Annual Returns
  • Due date for annual returns for taxpayers (without a tax agent) that have a September balance date
    • Income tax return
    • Imputation return
    • Dividend withholding payment return
    • Branch equivalent tax account return
    • Policyholder credit account return
    • Company dividend statement
    • Student loan form SL9
15 January PAYE
  • Payment due for large employers for the period 16 December to 31 December
  • File employment information within 2 working days after payday
15 January Provisional Tax - Standard or Estimation Option and/or 1 or 2 monthly GST filing & Student Loan Interim Payments
  • 1st instalment (July balance date)
  • 2nd instalment (March balance date)
  • 3rd instalment (November balance date)
15 January Provisional Tax - Ratio Option
  • 1st instalment (September balance date)
  • 2nd instalment (July balance date)
  • 3rd instalment (May balance date)
  • 4th instalment (March balance date)
  • 5th instalment (January balance date)
  • 6th instalment (November balance date)
15 January

Provisional Tax - Six Monthly GST Filing
  • 1st instalment (May balance date)
  • 2nd instalment (November balance date)
15 January Terminal Tax
  • For taxpayers (without a tax agent) with a February balance date
  • For taxpayers (with a tax agent) with a December balance date
15 January Terminal Student Loan Repayment
  • For those (with no tax agent) with a February balance date
  • For those (with a tax agent) with a December balance date
15 January Qualifying Company Election Tax
  • IR4P return and payment due for companies (with no tax agent) with a February balance date
  • IR4P return and payment due for companies (with a tax agent) with a December Balance date
15 January FBT
  • FBT return (IR421) and payment due for employers (with a tax agent) with a December balance date (if payable on income year basis)
  • FBT return (IR421) and payment due for employers (without  a tax agent) with a February balance date (if payable on income year basis)
15 January GST
  • Return and payment are due for the period ended 30 November
20 January   PAYE
  • Payment due for small employers for the period 1 December to 31 December
  • Payment due for large employers for the period 1 January to 15 January
  • File employment information within 2 working days after payday
20 January RWT
  • RWT Return and payment due for deductions from dividends and deductions of $500 or more from interest paid during December
20 January N-RWT / Approved Issuer Levy
  • Payment and Return due for either preceding month's Non-Resident Withholding Tax or Approved Issuer Levy
20 January FBT
  • FBT return (IR420) and payment due for employers for the quarter ending 31 December (if completed on a quarterly basis)
20 January Gaming Machine Duty
  • Return (IR680) and payment due for the month ended 31 December
20 January Foreign Dividend Withholding Payment
  • IR4F return and payment due for foreign dividends received in the quarter ending 31 December
28 January GST
  • Return and payment due for the period ended 31 December
28 January Provisional Tax - Standard or Estimation Option and /or 1 or 2 monthly GST filing & Student Loan Interim Payments
  • 1st instalment (August balance date)
  • 2nd instalment (April balance date)
  • 3rd instalment (December balance date)
28 January Provisional Tax - Ratio Option
  • 1st instalment (October balance date)
  • 2nd instalment (August balance date)
  • 3rd instalment (June balance date)
  • 4th instalment (April balance date)
  • 5th instalment (February balance date)
  • 6th instalment (December balance date)
28 January Provisional Tax - Six Monthly GST Filing
  • 1st instalment (June balance date)
  • 2nd instalment (December balance date)

Date Category Description
5 February PAYE
  • Payment due for large employers for the period 16 January to 31 January
  • File employment information within 2 working days after payday

8 February
(as 7th falls on a weekend)
           

 Terminal Tax
  • For taxpayers (without a tax agent) with balance dates between 1 March and 30 September
  • For taxpayers (with a tax agent) with a January balance date
8 February
(as 7th falls on a weekend)  
 		 Terminal Student Loan Repayment
  • For those (with no tax agent) with balance date between 1 March and 30 September
  • For those (with a tax agent) with a January balance date
8 February
(as 7th falls on a weekend)  		 Qualifying Company Tax Election
  • IR4P return and payment due for companies (with no tax agent) with balance dates between 1 March and 30 September
  • IR4P return and payment due for companies (with a tax agent) with a January balance date
8 February
(as 7th falls on a weekend)  		 FBT
  • FBT return (IR421) and payment due for employers (without a tax agent) with balance dates between 1 March & 30 September (if payable on income year basis)
  • FBT return (IR421) and payment due for employers (with a tax agent) with a January balance date (if payable on income year
    basis    )
22 February
(as 20th falls on a weekend)		 PAYE
  • Payment due for small employers for the period 1 January to 31 January
  • Payment due for large employers for the period 1 February to 15 February
  • File employment information within 2 working days after payday
22 February
(as 20th falls on a weekend)		 RWT
  • RWT Return and payment due for deductions from dividends and deductions of $500 or more from interest paid during January
22 February
(as 20th falls on a weekend)   		 N-RWT / Approved Issuer Levy
  • Payment and Return due for either preceding months' Non Resident Withholding Tax or Approved Issuer Levy
22 February
(as 20th falls on a weekend)   		 Gaming Machine Duty
  • Return (IR680) and payment due for month ended 31 January
1 March
(as 28 February falls on a weekend)		 GST
  • Return and payment due for the period ended 31 January
1 March
(as 28 February falls on a weekend)		 Provisional Tax - Standard or Estimation Option and /or 1 or 2 monthly GST filing & Student Loan Interim Payments
  • 1st instalment (September balance date)
  • 2nd instalment ((May balance date)
  • 3rd instalment (January balance date)
1 March
(as 28 February falls on a weekend)		 Provisional Tax - Ratio Option
  • 1st instalment (November balance date)
  • 2nd instalment (September balance date)
  • 3rd instalment (July balance date)
  • 4th instalment (May balance date)
  • 5th instalment (March balance date)
  • 6th instalment (January balance date)
1 March
(as 28 February falls on a weekend)		 Provisional Tax - Six Monthly GST Filing
  • 1st instalment (July balance date)
  • 2nd instalment (January balance date)

Date Category Description
1 March
(as 28 February falls on a weekend)		 GST Return and payment due for the period ended 31 January
1 March
(as 28 February falls on a weekend)		 Provisional Tax - Standard or Estimation Option and /or 1 or 2 monthly GST filing & Student Loan Interim Payments
  • 1st Instalment (September balance date)
  • 2nd Instalment (May balance date)
  • 3rd Instalment (January balance date)
1 March
(as 28 February falls on a weekend)		 Provisional Tax - Ratio Option
  • 1st instalment (November balance date)
  • 2nd Instalment (September balance date)
  • 3rd Instalment (July balance date)
  • 4th Instalment (May balance date)
  • 5th Instalment (March balance date)
  • 6th Instalment (January balance date)
1 March
(as 28 February falls on a weekend)		 Provisional Tax - Six Monthly GST Filing
  • 1st Instalment (July balance date)
  • 2nd Instalment (January balance date)
5 March PAYE
  • Payment due for large employers for the period 16 February to 28 February
  • File employment information within 2 working days after payday
8 March
(as 7th falls on a weekend)		 Terminal Tax
  • For taxpayers (with a tax agent) with a February balance date
8 March
(as 7th falls on a weekend)		 Terminal Student Loan Repayment
  • For those (with a tax agent) with a February balance date
8 March
(as 7th falls on a weekend)		 Qualifying Company Tax Election
  • IR4P return and payment due for companies (with a tax agent) with a February balance date
8 March
(as 7th falls on a weekend)		 FBT
  • FBT return (IR421) and payment due for employers (with a tax agent) with a February balance date (if payable on income year basis)
22 March
(as 20th falls on a weekend)

 

 PAYE
  • Payment due for small employers for the period 1 February to 28 February
  • Payment due for large employers for the period 1 March to 15 March
  • File employment information within 2 working days after payday
22 March
(as 20th falls on a weekend)		 RWT
  • RWT Return and payment due for deductions from dividends and deductions of $500 or more from interest paid during February
22 March
(as 20th falls on a weekend)		 N-RWT / Approved Issuer Levy
  • Payment and Return due for either preceding months' Non Resident Withholding Tax or Approved Issuer levy
22 March
(as 20th falls on a weekend)		 Gaming Machine Duty
  • Return (IR680) and payment due for the month ended 28 February
29 March
(as 28th falls on a weekend)		 GST
  • Return and payment are due for the period ended 28 February
29 March
(as 28th falls on a weekend)		 Provisional Tax - Standard or Estimation Option and/or 1 or 2 monthly GST filing & Student Loan Interim Payments
  • 1st instalment (October balance date)
  • 2nd instalment (June balance date)
  • 3rd instalment ( February balance date)
29 March
(as 28th falls on a weekend)		 Provisional Tax - Ratio Option
  • 1st instalment (December balance date)
  • 2nd instalment (October balance date)
  • 3rd instalment (August balance date)
  • 4th instalment (June balance date)
  • 5th instalment (April balance date)
  • 6th instalment (February balance date)
29 March
(as 28th falls on a weekend)		 Provisional Tax - Six Monthly GST Filing
  • 1st instalment (August balance date)
  • 2nd instalment (February balance date)
31 March Student Loan
  • 2nd repayment instalment due for borrowers who are overseas
31 March Imputation Year
  • Final day of imputation year. 10% penalty incurred on debit balance in imputation account and dividend withholding payment account after this date
  • Final day for refund of excess RWT deductions
31 March Tax Returns
  • Final day to file tax returns for taxpayers with a tax agent

Date Category Description
5 April PAYE
  • Payment due for large employers for the period 16 March to 31 March
  • File employment information within 2 working days after payday
7 April Terminal Tax
  • For taxpayers (with a tax agent) with balance dates between 1 March and 30 September
7 April Terminal Student Loan Repayment
  • For those (with a tax agent) with balance dates between 1 March and 30 September
7 April Qualifying Company Election Tax
  • IR 4P return and payment due for companies (with a tax agent) with balance dates between 1 March and 30 September
7 April FBT
  • FBT return (IR421) and payment due for employers (with a tax agent) with balance dates between 1 March & 30 September (if payable on income year basis)
20 April PAYE
  • Payment due for small employers for the period 1 March to 31 March
  • Payment due for large employers for the period 1 April to 15 April
  • File employment information within 2 working days after payday
20 April RWT
  • RWT Return and payment due for deductions from dividends and deductions of $500 or more from interest paid during March
  • RWT Return and payment due for interest payments made from 1 October to 31 March where the deductions do not exceed $500 per month
20 April Approved Issuer Levy
  • Return and payment due for approved issuer levy made in period between 1 October and 31 March where estimations of the deductions of the levy will not exceed $500 per month
20 April N-RWT / Approved Issuer Levy
  • Payment and Return due for either preceding months' Non Resident Withholding Tax or Approved Issuer Levy
20 April Gaming Machine Duty
  • Return (IR680) and payment due for the month ended 31 March
20 April Foreign Dividend Withholding Payment 
  • IR4F return and payment due for foreign dividends received in the quarter ending 31 March

Internet Links

Trying to find a high-quality and useful site on the web can often be a time consuming experience. To save you the trouble we have compiled a list of websites that we have found to be valuable sources of information. Clicking on the link will open a new window for you.

Starting A New Business

Business Planning
BIZ Info
Financial Institutions
ANZ
ASB
BNZ
Westpac
Kiwibank
SBS Bank
Rabobank
Business Software
CCH iFirm
CCH iBizz
BankLink
MYOB
Reckon
Funding
Grants And Other Financial Assistance 
Venture Capital - NZVCA

Compliance

Inland Revenue
IRD Website
IRD Number Registration
GST Registration
RWT Registration
Employer Registration
Fringe Benefit tax (FBT)
PAYE
Human Resources
Health & Safety
Resolving Industrial Disputes
Leave & Holidays Act
Employment Agreements
 
 

Exiting A Business

Selling Your Business
Planning To Exit Your Business
Closing Down
Closing Down & Winding Up Your Business
Insolvency
Dealing With Business Insolvency

Other useful sites

News
The New Zealand Herald
The Press
The Dominion
Stuff.co.nz
The Australian
The Age
The Sydney Morning Herald
The Australian Financial review
Finance
New Zealand Stock Exchange
Australian Stock Exchange
The NASDAQ Stock Market
US Stock Exchange
London Stock Exchange
Foreign Exchange Rates


Note: The websites links provided on this page are for general interest only. We do not endorse any products and services offered by the websites listed on this page.

Important Information

Whether you're self-employed, a contractor, or you have staff, you'll likely receive an invoice from ACC between mid-July and mid-August. 

If you're an employer with staff, your business will pay the:

  • Work Levy - your classification unit rate x each $100 of liable earnings.
  • Working Safer Levy - 8c x each $100 of liable earnings.

If you're self-employed, a shareholder-employee or a contractor you'll pay three different levies:

  • Earners' levy - everyone who earns a salary in New Zealand pays the Earners' levy, which helps cover the cost of accidents that happen in your everyday activities outside work. It's a flat rate, currently $1.21 per $100 (excluding GST) of your liable income.
  • Work levy
  • Working Safer levy

The Classification Unit Rate is based on the actual cost of work-related injuries that occur within your classification unit.  A classification unit is a group of businesses that operate within a similar industry.

The IRD provide ACC with relevant earnings data from employer monthly schedules.  From this information, ACC calculates the total levies due.

For more information on ACC premiums just give us a call or visit the ACC website.

Depreciation allows for the wear and tear on a fixed asset and must be deducted from your income.

Generally you must claim depreciation on fixed assets used in your business that have a lifespan of more than 12 months. However in special circumstances you can elect not to depreciate an asset by applying to the IRD.

Not all fixed assets can be depreciated. Land is a common example of a fixed asset that cannot be depreciated.  Depreciation allowances on most building structures cannot be claimed, however depreciation can still be claimed on a wide range of commercial and industrial building fit-out assets.  For more information, please click here.

You will have to keep a fixed asset register to show assets you will be depreciating. This should show the depreciation claimed and adjusted tax value of each asset. The adjusted tax value is the asset's cost price, less all depreciation calculated since purchase.

To view the depreciation rates and the methods for calculating depreciation, please refer to the IRD Depreciation Guide.

To find out more on how to calculate depreciation on a business asset please give us a call or refer to the IRD Depreciation Rate Finder on the IRD Website.

Entertainment expenditure is limited to a 50% deduction if it falls within the following:

  1. Corporate Boxes
  2. Holiday Accommodation
  3. Pleasure Craft
  4. Food & Beverages consumed at any of the above or in other specific circumstances, for example:
    • incidentally at any of the three types of entertainment above, eg, alcohol and food provided in a corporate box
    • away from the taxpayer's business premises, such as a business lunch at a restaurant
    • on the taxpayer's business premises at a party, reception, celebration meal, or other similar social function, such as a Christmas party for all staff, held on the business premises (excluding everyday meals provided at a staff cafeteria)
    • at any event or function, on or away from your business premises for the purpose of staff morale or goodwill, such as a Friday night 'shout' at the pub
    • in an area of the business premises reserved for use at the time by senior staff and not open to other staff, such as an executive dining room used to entertain clients

There are a number of exemptions from these rules, please contact us if you are unsure, or see the IRD Entertainment Expenses (IR268) booklet for more information.

A gift is something given when:

  • Nothing is received in return; or
  • Something is received in return, but its value is less than the value of the property given.

If something of lesser value is given in return for a gift, the value of the gift is the difference between the two values.

In the context of trusts, these items can all be gifts:

  • Transfers of any items (for example, company shares or land).
  • Any form of payment.
  • Creation of a trust.
  • A forgiveness or reduction of debt.
  • Allowing a debt to remain outstanding so that it can't be collected by normal legal action.

If you propose to make a gift to a trust, please contact us to discuss the implications.  It is important to take into consideration what the trust, and the gifts to the trust are designed to achieve as part of a long-term strategy.

The government abolished gift duty for dispositions of property made on or after 1 October 2011.  

For gift duty on any gifts made before 1 October 2011, the IRD's guide on the IRD  website is helpful.

Please be aware that there is a $6,000 annual gifting limit for rest home subsidy purposes.

For more information on gifting please give us a call.

GST is a tax on the supply of goods and services in New Zealand by a registered person on any taxable activity they carry out. The rate for GST is 15% although zero-rating will most likely apply for exports and land transactions.

Certain supplies of goods and services are 'exempt supplies' and exempt from GST. These include:

  • Certain financial services
  • Sale or lease of residential properties
  • Wages/Salaries and most Directors' Fees

GST registration is required if the annual turnover of the business for a 12-month period exceeds or is expected to exceed $60,000. 

GST returns can be filed monthly, bi-monthly or six monthly.  There are certain requirements for who must file monthly returns and who can file six monthly returns. 

There are three methods of accounting for GST:

If your turnover exceeds $2,000,000 pa you cannot use the Payments basis option.

If you are selling or are thinking of selling your products through your website please also refer to the section on GST and E-Commerce.

For more information on GST and how to register give us a call or visit the GST section of the IRD website.

Sale of Physical Goods via the Internet
If a GST-registered person sells goods via the internet and the goods are physically supplied to a customer in New Zealand, GST is chargeable at 15%.

If goods are sold via the internet and physically supplied to customers overseas the sales can be zero-rated for GST purposes. It is important to prove the goods have been exported (entered for export by the supplier) and sufficient evidence should be held to prove the export.

Sale of Digital Goods via the Internet
If a GST-registered person sells digital products via the internet which are downloaded, such as music, software or digital books, to a New Zealand customer they must charge 15% GST. (These products are treated as services for GST purposes). Note overseas suppliers may be required to register for and charge NZ GST when providing these services (under the online remote services rules) to New Zealand customers.

If digital products are sold via the internet and downloaded by an overseas customer they can be zero-rated but it is important to prove that the products are "exported" otherwise GST must be charged.

Evidence required to prove products are exported

Scenario 1:
Physical goods are exported overseas by the supplier. The customer is located overseas.

  • Delivery evidence, for example, bill of lading showing export by sea, air waybill for export via air, packing list or delivery note showing overseas delivery address, insurance documents.
  • Purchase order showing overseas delivery address.

Scenario 2:
Physical goods are exported overseas by the supplier. The customer is located in New Zealand at the time of purchase.

  • Delivery evidence, for example, bill of lading showing export by sea, air waybill for export via air, packing list or delivery note showing overseas delivery address, insurance documents.
  • Purchase order showing overseas delivery address.

Scenario 3:
Digital products are downloaded by a customer who is located overseas.

  • The customer should make a declaration at the time of the transaction that they are located overseas and that the products will be used outside New Zealand. For example, "I declare that I am not in New Zealand at this time and will not be making use of this supply in New Zealand" and provide their name and full address.
  • Evidence of payment received from overseas customer. Credit card information may be a guide as certain credit card number series may only be issued in New Zealand. However, this process is changing and is not entirely reliable.
  • Email address may suggest that the customer is overseas but is not final proof as a New Zealand resident can obtain an overseas email address.
  • Internet Protocol (IP) address of the customer - although this is not final proof that the customer is overseas.

Note: In this scenario, as can be seen from the above list, it is unlikely that only one form of information will prove that the customer is overseas. It is expected that a reasonable attempt would be made to confirm the customer is overseas to support zero-rating. 

Date Category Description
5 November PAYE
  • Payment due for large employers for the period 16 October to 31 October
  • File employment information within 2 working days after payday
9 November
(as 7th falls on a weekend) 		Terminal Tax
  • For taxpayers (without a tax agent) with a December balance date
  • For taxpayers (with tax agent) with an October balance date
9 November
(as 7th falls on a weekend)		 Terminal Student Loan Repayment
  • For those (without a tax agent) with a December balance date
  • For those (with tax agent) with an October balance date
9 November
(as 7th falls on a weekend)		 Qualifying Company Election Tax
  • IR 4P return and payment due for companies (without a tax agent) with a December balance date
  • IR 4P return and payment due for companies (with a tax agent) with an October balance date
9 November
(as 7th falls on a weekend)		 Annual Returns
  • Due date for annual returns for taxpayers (without a tax agent) that have a July balance date
    • Income tax return
    • Imputation return
    • Dividend withholding payment return
    • Branch equivalent tax account return
    • Policyholder credit account return
    • Company dividend statement
    • Student Loan form SL9
9 November
(as 7th falls on a weekend)		 FBT
  • FBT return (IR421) and payment due for employers (with a tax agent) with an October balance date (if payable on income year basis)
  • FBT return (IR421) and payment due for employers (without a tax agent) with a December balance date (if payable on income year basis)
20 November PAYE
  • Payment due for small employers for the period 1 October to 31 October
  • Payment due for large employers for the period 1 November to 15 November
  • File employment information within 2 working days after payday
20 November RWT
  • RWT Return and payment due for deductions from dividends and deductions of $500 or more from interest paid during October
20 November N-RWT / Approved Issuer Levy
  • Payment and Return due for either preceding months' Non-Resident Withholding Tax or Approved Issuer Levy
20 November Gaming Machine Duty
  • Return (IR680) and payment due for the month ended 31 October
30 November
(as 28th falls on a weekend)		 GST
  • Return and payment due for period ended 31 October
30 November
(as 28th falls on a weekend)		 Provisional Tax Ratio Option
  • 1st instalment (August balance date)
  • 2nd instalment (June balance date)
  • 3rd instalment (April balance date)
  • 4th instalment (February balance date)
  • 5th instalment (December balance date)
  • 6th instalment (October balance date)
30 November
(as 28th falls on a weekend)		 Provisional  Tax - Standard or Estimation Option and/or 1 or 2 monthly GST filing & Student Loan Interim Payments
  • 1st instalment (June balance date)
  • 2nd instalment (February balance date)
  • 3rd instalment (October balance date)
30 November
(as 28th falls on a weekend)		 Provisional Tax - Six monthly GST filing
  • 1st instalment (April balance date)
  • 2nd instalment (October balance date)

Provisional Tax is not a separate tax but a way of paying your income tax as income is received through the year. You pay instalments of income tax during the year, based on what you expect your tax bill to be. The amount of provisional tax you pay is then deducted from your tax bill at the end of the year.

If your residual income tax (RIT) is $2,500 or more, you will have to pay provisional tax for the following income year. RIT is the tax you need to pay after subtracting any rebates you are eligible for and any tax credits (excluding provisional tax). RIT is clearly labelled in the tax calculation in your tax return.

There are several ways of working out your provisional tax. The two main ones are the standard option and the estimation option. If you are also registered for GST and meet the other eligibility criteria, the GST ratio option may be available to you . You may also be able to pay provisional tax using the Accounting Information Method (AIM). 

Due dates

The due date and number of instalments you need to make to pay your provisional tax each year depends on which option you use, your balance date, and how often you pay GST (if registered).  

If you have a 31 March balance date and use the standard or estimation option,  provisional tax payments are due on:

First instalment 28 August
Second instalment 15 January
Third instalment 7 May

Interest

If the provisional tax you have paid is less than your RIT, you will be charged interest in most circumstances.  If the provisional tax you pay is more than your RIT, Inland Revenue may pay you interest on the difference.

Standard option

Inland Revenue automatically charges provisional tax using the standard option unless you choose the estimation or ratio options.

The standard option takes your RIT for the previous year and makes an adjustment.  The calculation for the adjustment from the current year is:

  • your previous year's RIT with an uplift of 5% added, OR
  • your RIT for the year prior to the previous year with an uplift of 10% added, if last year's income tax return has not been filed yet

Estimation option

If you can estimate what your RIT is likely to be, this option may suit your business. When working out the tax, keep in mind:

  • To get the right tax rate -
    • Add up all your estimated income
    • Work out the tax on the total
    • Subtract any tax credits (like PAYE)
  • Using the estimation option, if your estimated RIT is lower than your actual RIT for that year, you may be liable for interest on the underpaid amount
  • You can estimate your provisional tax as many times as necessary up until your last instalment date. Each estimate must be fair and reasonable

The GST Ratio Option

If you are also registered for GST, you can pay your provisional tax at the same time as your GST.  To use this option, you elect with Inland Revenue to use the option, then Inland Revenue calculates the ratio and advises you before your first provisional tax payment is due.  You will be able to use the ratio option if:

  • You've been in business and GST-registered for all the previous tax year, and the tax year prior to that
  • Your RIT for the previous year is greater than $2,500 and up to $150,000
  • You are liable to file your GST returns every month or every two months
  • The business you're operating is not a partnership
  • Your ratio percentage that Inland Revenue calculates for you is between 0% and 100%

The Accounting Information Method (AIM)

This option allows you to calculate and pay provisional tax using AIM-capable software which calculates provisional tax based on current year accounting income information.  Payments are due in line with your GST filing dates. At present this option is only available if you have gross income under $5m. 

Where payments have been made using the calculated amounts under the AIM-capable software, you will not be liable for any interest due if the actual year-end tax liability differs from the calculated tax liability.

 

It is important to choose an option that suits your business.  Strategies such as tax pooling can also ease taxpayers' concerns and costs.  We suggest that you discuss your options with us.

For further information on provisional tax give us a call or refer to the  Inland Revenue website.

Resident Withholding Tax (RWT) is a tax deducted on interest earned from investments and bank accounts.  The investment organisation or bank deducts this tax when they credit interest to you.

Companies may also deduct withholding tax from dividends paid to shareholders.

If you receive interest as income you need to:

  • Provide the interest payer with your IRD number, and
  • Advise the tax rate they should use when they deduct this tax

The RWT tax rate used will vary for individuals and different types of business entity.

For more information on RWT and how this tax applies to interest and dividends refer to the IRD website

Tax credits for donations can be claimed by individuals (not companies, trusts or partnerships) who:

  • Earned taxable income during the period being claimed for; and
  • Were in New Zealand at any time during the tax year (including non-residents)

You may qualify for a tax credit for:

  • Donations made of $5 or more to an approved charity
  • Donations made of $5 or more to state and state integrated schools (note donations do not include tuition fees, payment for voluntary school activities, payments for classes where there is a take-home component or payments for transport to or from school activities)

Tax credits for donations are limited to gifts of cash or cash equivalents such as payments made by bank transfers, credit card or cheques. It is not intended that donation tax credits or gift deductions should be available for gifts in kind or gifts made by way of debt forgiveness.

You can claim a tax credit of up to the lesser of 33.33% of the total donation or 33.33% of your taxable income (that is, where your donations are greater than your taxable income). You will require valid receipts to be able to do this.

For further information regarding tax credits, visit the tax credits section of the Inland Revenue website.

If you claimed a tax credit in the prior year, Inland Revenue will automatically send you a Tax credit claim form in April each year. Otherwise, click here for the latest version of the IR526 Tax credit claim form. The easiest way to submit a receipt for a donation is to use myIR. Inland Revenue will work out your tax credit without you having to file a claim when the tax year ends on 31 March.

This information relates solely to individuals and individual income tax. There are other types of tax credits. Please contact us for more information on these.

Taxpayers who do not meet their tax obligations may face penalty or interest charges. To avoid such charges, you should pay the full amount of tax you owe by the due date.

The main kinds of charges for failing to meet tax obligations are:

  • Interest on the amount of tax you owe if you have underpaid your tax. The interest rates charged are based with reference to market rates.
  • A late filing penalty if you do not file a return by the due date.
  • A late payment penalty if a payment is not received by the IRD by the date it was due.
  • A shortfall penalty where the correct amount of tax is higher than the amount you paid (for example, because of an understatement of tax, or where the amount of a refund or loss is reduced). These penalties can be as high as 150% (for evasion) and may include imprisonment for serious instances of evasion.
  • Non-payment of employer deductions penalty. If you file your Employment information (IR348) but don't pay the amount calculated by the due date, Inland Revenue will send you a reminder. If you don't pay the overdue amount or enter an instalment arrangement, they charge you a non-payment penalty (NPP) as well as the late payment penalties and interest. The non-payment penalty is 10% of the amount outstanding. Every month you do not pay in full or enter into an instalment arrangement, a further 10% penalty is added.

Solutions such as tax pooling can also be used to manage tax and limit exposure to penalties and use of money interest.

For more information about managing tax, give us a call.  For more information about tax penalties refer to the IRD's Penalties and interest guide.

Working for Families tax credits are payments for families with dependent children aged 18 or under.

There are four different Working for Families Tax Credits:

  • Family tax credit – a payment for each child in the family
  • In-work tax credit – a payment for families where the parents have paid work for a required number of hours (not available for those receiving an income-tested benefit or student allowance)       
  • Minimum family tax credit – a payment to make sure families are getting a basic income where the parents are working the required number of hours for salary and wages
  • Best Start – a special payment for up to 3 years for children due or born on or after 1 July 2018

Inland Revenue administer the Working for Families tax credits, however taxpayers who receive an income-tested benefit will receive payments from Work and Income.

For more information just give us a call or visit the IRD website.

2020 Annual Questionnaires

Click on the link below to download the PDF Annual Questionnaires. If you are unsure which questionnaire you should be completing please contact our office.

March Balance Date:

Individual Rental Business Trust Farming

 

 

 

1168 Amohia Street
Rotorua
New Zealand
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Fax 07 347 0576
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