Types of business income

Income tax Dates

JAN 16

AIM instalments are due if you have a March balance date.
JAN 16

Provisional tax payments are due if you have a March balance date and use the standard, estimation or ratio options.
JAN 30

AIM instalments are due if you file GST monthly and have a March balance date.

All Income tax dates

Business income can cover anything from selling goods online to investing overseas to running a large company. How your income is taxed depends on what kind of income it is.

There are specific rules about withholding taxes, including schedular payments. You may also get income that is not from business, for example salary and wages, individualised funding or foreign superannuation.

Schedular payments

Types of individual income

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Foreign investment funds FIFs Foreign investment funds are a type of offshore investment with special tax rules.
Income from portfolio investment entities PIEs Income from portfolio investment entities is taxed differently depending on what kind of taxpayer you are.
Interest and dividends You pay tax on interest and dividends you get in New Zealand and from overseas.
Tax on grants and subsidies Whether you have to pay income tax on grants and subsidies depends on the type of payment and who you got it from.
Donations (koha) Generally you do not have to pay tax on donations (koha) if it's a gift and the giver gets nothing in return.
Amateur and professional sportspeople You may need to pay tax on prize money you win from sports events and competitions, even if your code lets you compete as an amateur.

Ngā momo moni whiwhi pakihi Types of business income

Income tax Dates

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Types of business income