Tax & IRD

Learn what IRD charges for late tax penalties in NZ, from filing fines to UOMI and instalments, plus how tax pooling can cut costs. See your options now.

Use this IRD audit checklist to scope the review, preserve records, reconcile filed returns and handle errors. See the steps NZ businesses should take now.

GST registration in NZ explained: the $60,000 threshold, voluntary registration, registering in myIR, accounting bases and filing. Check what applies to you.

Learn how to file a GST return in NZ, when returns and payments are due, which records to keep and the common mistakes to avoid. Check before you file.

Learn which small business tax deductions NZ owners can claim, from vehicles and home offices to assets, plus the records to keep. Use our handy checklist.

Use our year-end tax planning NZ checklist to review profit, bad debts, stock, assets, Investment Boost and provisional tax before 31 March. Start now.

Use our tax return checklist for NZ small businesses to prepare reconciled accounts, assets, stock, GST and drawings records before year end. Avoid delays.

If you run a business in New Zealand, provisional tax is simply a way of paying your expected income tax progressively during the year rather than facing one large bill later.
In most cases, you will become liable for provisional tax in NZ if your residual income tax from your previous income tax return was more than $5,000. Residual income tax, often shortened to RIT, is broadly the income tax you still have to pay after deducting tax credits such as PAYE. Inland Revenue confirms that the $5,000 threshold remains current.