Income tax Dates
MAY 7Provisional tax payments are due if you have a March balance date and use the standard, estimation or ratio options.
JUN 28Provisional tax payments are due if you have a March balance date and use the ratio option.
JUL 7Income tax returns are due if you do not have an extension of time.
If you're a contractor getting schedular payments, you can:
- use the standard schedular payment tax rate for your activity
- apply for a tailored tax rate
- choose your own tax rate
- apply for an exemption from schedular tax.
You'll need to declare your tax rate to your payer. If you get an exemption, you'll need to show them your certificate of exemption.
Choosing to get schedular payments
People can choose to have their income treated as schedular payments in some circumstances. These are called voluntary schedular payments.