RAKS Consulting Ltd
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Provisional tax, without the guesswork.

See whether provisional tax applies, what each instalment is and exactly when it’s due, using IRD’s standard option.

At a glance
  • Real due datesMoved for weekends and holidays
  • Standard option105% or 110% uplift
  • Threshold awareNothing to pay under $5,000 RIT
Your tax to pay for the year after PAYE and other credits. It’s on your income tax assessment or in myIR.
GST filing
$0.00Provisional tax for the year ending 31 March · standard option

The standard option for a 31 March balance date. If you expect to earn much less this year, the estimation option can lower your instalments, and the ratio option is available to some GST filers. Interest and penalties can apply when instalments are missed or underestimated, so talk to us before changing methods.

How it works

  • You pay provisional tax when your residual income tax for the previous year was more than $5,000.
  • Standard option: last year’s RIT plus 5%, in three instalments (28 August, 15 January, 7 May).
  • Six-monthly GST filers pay two instalments (28 October and 7 May).
  • Dates falling on a weekend or public holiday move to the next working day.
Tax returns with RAKS
Ravin ShankarManaging Director

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