Income tax Dates
MAR 31Final date for ratio option provisional tax applications.
APR 7End-of-year income tax and Working for Families bills are due if you have an extension of time to file your income tax return.
MAY 7Provisional tax payments are due if you have a March balance date and use the standard, estimation or ratio options.
If you're a shareholder/owner in a look-through company, whether you have to pay ACC levies on your look-through company income depends on your situation.
Passive investors and shareholders
If you do not play an active part in the look-through company's business, you're a passive investor and shareholder.
You will not pay ACC levies on your look-through company income, including any look-through company income you get as beneficiary income through a trustee owner.
If you play an active part in generating the look-through company's income you're self employed for ACC purposes.
You must pay ACC levies as a self employed person. ACC will invoice you directly.
Salary or wages
If you get salary or wages for your role as a working owner then you will have to pay ACC levies. The ACC earner’s premium will be deducted as part of PAYE from your salary or wages.
The look-through company will be invoiced by ACC for any levies on salary or wages paid to employees.