Income tax Dates
MAR 31Final date for ratio option provisional tax applications.
APR 7End-of-year income tax and Working for Families bills are due if you have an extension of time to file your income tax return.
MAY 7Provisional tax payments are due if you have a March balance date and use the standard, estimation or ratio options.
The way you get the independent earner tax credit (IETC) depends on your income type.
If your income is not taxed before you get paid
An example is income from self-employment. You claim the independent earner tax credit at the end of the tax year when you file your individual tax return - IR3.
Tell us on your return the number of months you were eligible for the independent earner tax credit. For example, if your income was between $24,000 to $48,000 but you got Working for Families for 3 months, then you're only eligible for the independent earner tax credit for the remaining 9 months.
If your income is taxed before you get paid
An example is contract income (schedular payments) or income from investments. At the end of the tax year we'll send you an income tax assessment that will include the independent earner tax credit, if you're entitled to it. Depending on how much tax you've already paid, you may get a refund or have tax to pay.