Where income is not deducted at source, a taxpayer may have New Zealand income tax filing obligations, which need to be filed on an annual basis.
Where the taxpayer is not linked with a tax agency, the due date for the income tax return is around 4 months after the balance date (i.e. 7 July for taxpayers with 31 March balance date). However, if the taxpayer is linked with a tax agency, the due date for the income tax return is extended to the 31 March following the end of the financial year.
The taxpayer may have provisional tax or terminal tax liability. The default provisional tax due date for 31 March taxpayer are 28 August, 15 January and 7 May. The due dates for provisional tax will change where the taxpayer has a different balance date. A change of balance date request shall be submitted to the IRD before the taxpayer can adopt a different balance date to 31 March.
Generally, terminal tax liability is due on 7 April following the balance date, where the taxpayer is linked with a tax agent, otherwise 7 February following balance date if the taxpayer is linked with a tax agent. For taxpayer who has a different balance date to 31 March, the terminal tax liability due date may change.