Approved issuer levy: Return and payment due dates
Return and payment due dates
AIL must be paid to us with a completed Approved issuer levy (IR67A) form. How often you have to send it in depends on your annual AIL liability.
Monthly due dates
If you pay AIL of $500 or more each year, payment is due on the 20th of the month following the month in which the interest was paid.
Six-monthly due dates
If you pay AIL of less than $500 each year, you can choose to pay on a six-monthly basis, either:
- at the time of registration, or
- by contacting our Non-resident Centre.
We'll send you returns for the following periods:
- 1 April to 30 September - due for payment on 20 October
- 1 October to 31 March - due for payment on 20 April.
| Note | |
|---|---|
| If the due date falls on a weekend or a New Zealand public holiday, the due date is the next working day. | |
Example - Six-monthly payer
Luca's Investments Ltd pays less than $500 AIL each year, so may pay the deductions to us by the two regular six-monthly payment dates.
| Month interest paid | Total AIL to pay | Total paid to us | Due date for payment and IR 67A |
|---|---|---|---|
| June 2006 | $50 | Nil | - |
| August 2006 | $50 | Nil | - |
| September 2006 | $100 | $200 | 20 October 2006 (regular six-monthly payment date) |
| November 2006 | $100 | Nil | - |
| February 2007 | $100 | $200 | 20 April 2007 (regular six-monthly payment date) |
What if you then pay over $500 AIL in a year?
If your AIL payment accumulates to $500 during the year, you must:
- send a completed return and a payment by the 20th of the month after AIL reaches $500
- pay monthly for the rest of that year
- contact our Non-resident Centre to request monthly forms.
Example - Six-monthly payer with accumulated AIL over $500
Nala's Investments Ltd estimated its annual AIL liability for the 2007 income year to be less than $500. However, in December 2006 it reached the $500 threshold.
Nala's Investments Ltd must pay the AIL to us on the 20th of the month which follows the month when the accumulated AIL reached $500. Nala's Investments Ltd must also pay monthly for the rest of the 2007 income year.
| Month interest paid | Total AIL to pay | Total paid to us | Due date for payment and IR 67A |
|---|---|---|---|
| June 2006 | $50 | Nil | - |
| August 2006 | $50 | Nil | - |
| September 2006 | $100 | $200 | 20 October 2006 (regular six-monthly payment date) |
| December 2006 | $300 | $300 | 22 January 2007 (see "Note" above) |
| January 2007 | Nil | Nil | 20 February 2007 (Nil IR 67A required) |
| February 2007 | Nil | Nil | 20 March 2007 (Nil IR 67A required) |
| March 2007 | $50 | $50 | 20 April 2007 |
Date published: 28 Sep 2006
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