Monday -Friday - 9:00 - 18:00 New Zealand Time


What is provisional tax?

Provisional tax is tax paid on your business income that is spread throughout the year to avoid a large tax bill at the end of the year. Every taxpayer who is liable to make a payment of $5000 or more for a year will be a provisional taxpayer in the following year.

Provisional tax is usually paid on the following types of income:

  • Self-employed/rental income
  • Income from a partnership or look through company
  • Overseas Income
  • Income from estate/trust
  • Schedular payments with a low PAYE rate

Individuals paying provisional tax under the standard option no longer need to switch to the estimation option to pay a lower amount at their final instalment date if:

  • RIT is expected to be less than what was previously assessed under the standard option
  • RIT will be more than $60,000
  • All past provisional tax instalments for the year have been paid

For more specific advice regarding your provisional payments, get in touch below.

Generated with MOOJ Proforms Version 1.5

Please fill the form below to contact us! 


*Required information.