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.
Foreign super withdrawals and transfers made between 1 January 2000 and 1 April 2014 have different rules to follow.
There are 2 options to account for this income.
The 15% option
You can include 15% of the lump sum as income for your 2013–14 or 2014–15 Individual income tax return - IR3.
You may qualify for the temporary tax exemption period for new residents.
The FIF rules option
You can ask us to amend your previous tax returns based on the tax rules that applied for those years. You may have to pay interest and penalties.
We recommend talking to a tax agent if you’re considering this option.