Section Sch3 — Income Tax Act 2007: Payment of provisional tax and terminal tax

Schedule 3 Payment of provisional tax and terminal tax ss EF 3 , RA 13 , RA 14 , RC 1 , RC 21 , RC 25 , RM 24 , YA 1 Part A Dates for payment of provisional tax and terminal tax Month of balance date A B C D E F G H October 28 Jan 28 Mar 28 May 28 Jul 28 Sep 28 Nov Sep Nov November 28 Feb 7 May 28 Jun 28 Aug 28 Oct 15 Jan Oct Dec December 28 Mar 28 May 28 Jul 28 Sep 28 Nov 28 Jan Nov Jan January 7 May 28 Jun 28 Aug 28 Oct 15 Jan 28 Feb Dec Feb February 28 May 28 Jul 28 Sep 28 Nov 28 Jan 28 Mar Jan Mar March 28 Jun 28 Aug 28 Oct 15 Jan 28 Feb 7 May Feb Apr April 28 Jul 28 Sep 28 Nov 28 Jan 28 Mar 28 May Feb Apr May 28 Aug 28 Oct 15 Jan 28 Feb 7 May 28 Jun Feb Apr June 28 Sep 28 Nov 28 Jan 28 Mar 28 May 28 Jul Feb Apr July 28 Oct 15 Jan 28 Feb 7 May 28 Jun 28 Aug Feb Apr August 28 Nov 28 Jan 28 Mar 28 May 28 Jul 28 Sep Feb Apr September 15 Jan 28 Feb 7 May 28 Jun 28 Aug 28 Oct Feb Apr 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 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 length New instalment months 0–4 mths 1 month following final month 5–8 mths 2 5th month, month following final month 9–12 mths 3 5th, 9th months, month following final month 13–16 mths 4 5th, 9th, 13th months, month following final month 17–20 mths 5 5th, 9th, 13th, 17th months, month following final month 21–24 mths 6 5th, 9th, 13th, 17th, 21st months, month following final month 6-monthly non-ratio provisional taxpayers Transitional year length New instalment months 0–6 mths 1 month following final month 7–12 mths 2 7th month, month following final month 13–18 mths 3 7th, 13th months, month following final month 19–24 mths 4 7th, 13th, 19th months, month following final month GST ratio provisional taxpayers Transitional year length New instalment months 0–2 mths 1 month following final month 3–4 mths 2 3rd month, month following final month 5–6 mths 3 3rd, 5th months, month following final month 7–8 mths 4 3rd, 5th, 7th months, month following final month 9–10 mths 5 3rd, 5th, 7th, 9th months, month following final month 11–12 mths 6 3rd, 5th, 7th, 9th, 11th months, month following final month 13–14 mths 7 3rd, 5th, 7th, 9th, 11th, 13th months, month following final month 15–16 mths 8 3rd, 5th, 7th, 9th, 11th, 13th, 15th months, month following final month 17–18 mths 9 3rd, 5th, 7th, 9th, 11th, 13th, 15th, 17th months, month following final month 19–20 mths 10 3rd, 5th, 7th, 9th, 11th, 13th, 15th, 17th, 19th months, month following final month 21–22 mths 11 3rd, 5th, 7th, 9th, 11th, 13th, 15th, 17th, 19th, 21st months, month following final month 23–24 mths 12 3rd, 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) .