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Easy, affordable accounting

Income Tax – What you need to know

If a due date falls on a weekend or public holiday, the date moves to the next working day.

The number of times you need to pay provisional tax each year depends on the option you use to calculate your provisional tax, and how many times you pay GST (if registered).

If you have a 31 March balance date (ie your tax year ends on 31 March) and you use the standard or estimation options to calculate your provisional tax payments, your provisional tax due dates are:

28th August

First Instalment of Provisional Tax

28th October

First Instalment (GST registered, six monthly)

15th January

Second Instalment of Provisional Tax

7th May

Second Instalment (GST registered, six monthly)

7th May

Third Instalment of Provisional Tax

7th April

Terminal Tax Due (if any)

If you have a 31 March balance date and you use the ratio option to calculate your provisional tax payments, these are due on:

28th June

First Instalment

28th August

Second Instalment

28th October

Third Instalment

15th January

Fourth Instalment

28th February

Fifth Instalment

7th April

Terminal Tax

7th May

Sixth Instalment

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