Key Dates

When any of the due dates fall on a Saturday or Sunday
the due date then becomes the next working day (the Monday).

Terminal tax is the tax which is determined when your financials are done at the end of the financial year.  Terminal tax is the difference between what you have paid in provisional tax (if any) over the previous year and what tax you actually owe.

Examples of key terminal tax dates are as follows:
  • 7 February: for taxpayers (without a tax agent) with balance dates between 1 March and 30 September
  • 7 April:  for taxpayers (with a tax agent) with a balance date between 1 March and 30 September

Provisional tax is the self-employed version of P.A.Y.E (i.e. a pay as you earn tax). There are no provisional requirements to start paying provisional tax until the year your terminal tax exceeds $2,500. Provisional Tax payments are due in three instalments dependent on the one of two things – Balance Date and GST registration.

If you have a 31 March balance date the instalments would be made as follows:
  • First Instalment – 28 August
  • Second Instalment – 15 January
  • Third Instalment – 7 May
However if you are GST Registered and Pay every 6 months:
  • First Instalment – 28 October
  • Second Instalment – 7 May
If you have a 30 June balance date the instalments would be made as follows:
  • First Instalment – 28 November
  • Second Instalment – 28 March
  • Third Instalment – 28 July
However if you are GST Registered and Pay every 6 Months:
  • First Instalment – 28 January
  • Second Instalment – 28 July

Fringe Benefit Tax (FBT) is the tax on benefits that an employee receives and enjoys as a result of their employment. This tax includes benefits given to employees or shareholder-employees that are provided through another person. Most benefits given to an employee are on top of their salary or wage also known as a perk.

You must file a FBT return either quarterly or annually on the following dates:

Quarterly Return Dates:
  • First Quarter (01/04 – 30/06) Due 20 July
  • Second Quarter (01/07 – 30/09) Due 20 October
  • Third Quarter (01/10 – 31/12) Due 20 January
  • Forth Quarter (01/01 – 31/03) Due 31 May
Annual Return Date:
  • 07 April – If you have a Tax Agent
  • 07 February – If you do not have a Tax Agent

A pay as you earn tax (PAYE) is a withholding tax on income payments to employees. Amounts withheld are treated as advance payments of income tax due. They are refundable to the extent they exceed tax as determined when a tax return has been done.  Filing PAYE is done on the 20th of each month and filed with the Inland Revenue Department.

Goods and Services Tax is a value added tax here in New Zealand. GST is designed to be a broad based system with few exemptions. Exceptions that do exist are rent collected on any residential rental properties, donations etc. GST is filed either monthly, two monthly or six monthly.

If you have a 31 March balance date GST would be filed on the following dates:

Monthly:
  • Every month on the 28th except March is due on the 07/05 and November is due on the 15/01. (on the March and June balance dates).
Two Monthly:
  • April – May due 28/06
  • June – July due 28/08
  • August – September due 28/10
  • October – November due 15/01
  • December – January due 28/02
  • February – March due 07/05
Six Monthly:
  • April – September due 28/10
  • October – March due 07/05

If you have a 30 June balance date GST would be filed on the following dates:

Monthly:

Every month on the 28th except March is due on the 07/05 and December is due on the 15/01.

Two Monthly:
  • July – August due 28/09
  • September – October due 28/11
  • November – December due 28/01
  • January – February due 28/03
  • March – April due 28/05
  • May – June due 28/07
Six Monthly:
  • July – December due 28/01
  • January – June due 28/07

Resident Withholding Tax & Dividend Withholding Tax is the tax deducted from investment income (e.g. interest from money in a term deposit, dividend investments etc.).

There are two tax dates which RWT and DWT is paid:

RWT Dates:
  • April – September due 20 October
  • October – March due 20 April
DWT Dates:
  • April – March due 20 April

Student Loan Interim payments are payments that need to be made should your income during a financial period exceed the student loan income threshold ($19,084 a year) and you have not contributed enough payments to your loan before the end of a financial year.

Student Loan payments are due on the following dates:

NZ Based Borrowers:
  • 28 August
  • 15 January
  • 07 May
Overseas Based Borrowers:
  • 30 September
  • 31 March

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