Income Tax Act 2007

Schedule 3 Payment of provisional tax and terminal tax

ss EF 3, RA 13, RA 14, RC 1, RC 9, RC 10B, RC 21, RC 25, RM 24, YA 1

Schedule 3 heading: amended, on 1 April 2018, by section 47(1) (and see section 47(4) for application) of the Taxation (Business Tax, Exchange of Information, and Remedial Matters) Act 2017 (2017 No 3).

Schedule 3 heading: amended (with effect on 1 April 2008 and applying for the 2008–09 income year and later income years), on 17 July 2013, by section 102(1) of the Taxation (Livestock Valuation, Assets Expenditure, and Remedial Matters) Act 2013 (2013 No 52).

Part A Dates for payment of provisional tax and terminal tax

Month of balance dateAA1BB1CC1DD1EE1FF1GH
October28 Jan28 Feb28 Mar7 May28 May28 Jun28 Jul28 Aug28 Sep28 Oct28 Nov15 JanSepNov
November28 Feb28 Mar7 May28 May28 Jun28 Jul28 Aug28 Sep28 Oct28 Nov15 Jan28 JanOctDec
December28 Mar7 May28 May28 Jun28 Jul28 Aug28 Sep28 Oct28 Nov15 Jan28 Jan28 FebNovJan
January7 May28 May28 Jun28 Jul28 Aug28 Sep28 Oct28 Nov15 Jan28 Jan28 Feb28 MarDecFeb
February28 May28 Jun28 Jul28 Aug28 Sep28 Oct28 Nov15 Jan28 Jan28 Feb28 Mar7 MayJanMar
March28 Jun28 Jul28 Aug28 Sep28 Oct28 Nov15 Jan28 Jan28 Feb28 Mar7 May28 MayFebApr
April28 Jul28 Aug28 Sep28 Oct28 Nov15 Jan28 Jan28 Feb28 Mar7 May28 May28 JunFebApr
May28 Aug28 Sep28 Oct28 Nov15 Jan28 Jan28 Feb28 Mar7 May28 May28 Jun28 JulFebApr
June28 Sep28 Oct28 Nov15 Jan28 Jan28 Feb28 Mar7 May28 May28 Jun28 Jul28 AugFebApr
July28 Oct28 Nov15 Jan28 Jan28 Feb28 Mar7 May28 May28 Jun28 Jul28 Aug28 SepFebApr
August28 Nov15 Jan28 Jan28 Feb28 Mar7 May28 May28 Jun28 Jul28 Aug28 Sep28 OctFebApr
September15 Jan28 Jan28 Feb28 Mar7 May28 May28 Jun28 Jul28 Aug28 Sep28 Oct28 NovFebApr

Schedule 3 Part A table: replaced, on 1 April 2018, by section 47(2) (and see section 47(4) for application) of the Taxation (Business Tax, Exchange of Information, and Remedial Matters) Act 2017 (2017 No 3).

For the purposes of this schedule, balance date, in relation to provisional tax or terminal tax payable by a person for a tax year to which an income year corresponds, means—

(a)

if neither of paragraphs (b) and (c) apply, the person’s annual balance date for their accounts for the income year:

(b)

if the person has an income year that coincides with the tax year or is not required to provide a return of income for the tax year, 31 March:

(c)

if the person is a non-resident company that does not have a fixed establishment in New Zealand, 31 March.

Part AB Calculation periods for AIM method

Instalment date6 instalments: 2-monthly period12 instalments: monthly period
15 JanOct, NovNov
28 JanNov, DecDec
28 FebDec, JanJan
28 MarJan, FebFeb
7 MayFeb, MarMar
28 MayMar, AprApr
28 JunApr, MayMay
28 JulMay, JunJun
28 AugJun, JulJul
28 SepJul, AugAug
28 OctAug, SepSep
28 NovSep, OctOct
How to use this table:
Find the applicable instalment date in the first column, and use the period for that instalment in the second column if section RC 9(4B)(a) or (b) applies or use the period in the third column if section RC 9(4B)(c) applies.

Schedule 3 Part AB: inserted, on 1 April 2018, by section 47(3) (and see section 47(4) for application) of the Taxation (Business Tax, Exchange of Information, and Remedial Matters) Act 2017 (2017 No 3).

Part B Months for payment under sections RC 9 and RC 22 to RC 25

Monthly and 2-monthly non-ratio and non-GST provisional taxpayers
Transitional year lengthNew instalment months
0–4 mths1month following final month
5–8 mths25th month, month following final month
9–12 mths35th, 9th months, month following final month
13–16 mths45th, 9th, 13th months, month following final month
17–20 mths55th, 9th, 13th, 17th months, month following final month
21–24 mths65th, 9th, 13th, 17th, 21st months, month following final month
6-monthly non-ratio provisional taxpayers
Transitional year lengthNew instalment months
0–6 mths1month following final month
7–12 mths27th month, month following final month
13–18 mths37th, 13th months, month following final month
19–24 mths47th, 13th, 19th months, month following final month
GST ratio provisional taxpayers
Transitional year lengthNew instalment months
0–2 mths1month following final month
3–4 mths23rd month, month following final month
5–6 mths33rd, 5th months, month following final month
7–8 mths43rd, 5th, 7th months, month following final month
9–10 mths53rd, 5th, 7th, 9th months, month following final month
11–12 mths63rd, 5th, 7th, 9th, 11th months, month following final month
13–14 mths73rd, 5th, 7th, 9th, 11th, 13th months, month following final month
15–16 mths83rd, 5th, 7th, 9th, 11th, 13th, 15th months, month following final month
17–18 mths93rd, 5th, 7th, 9th, 11th, 13th, 15th, 17th months, month following final month
19–20 mths103rd, 5th, 7th, 9th, 11th, 13th, 15th, 17th, 19th months, month following final month
21–22 mths113rd, 5th, 7th, 9th, 11th, 13th, 15th, 17th, 19th, 21st months, month following final month
23–24 mths123rd, 5th, 7th, 9th, 11th, 13th, 15th, 17th, 19th, 21st, 23rd months, month following final month

For the purposes of counting months under this schedule, the number is reckoned as set out in section RC 21(5).