Income tax Dates
OCT 28Provisional tax payments are due if you have a March balance date and use the ratio option.
JAN 15Provisional tax payments are due if you have a March balance date and use the standard, estimation or ratio options.
FEB 7End-of-year income tax and Working for Families bills are due, unless you have an extension of time to file your income tax return.
Foreign super withdrawals and transfers made between 1 January 2000 and 1 April 2014 have different rules to follow.
There are 2 options to account for this income.
The 15% option
You can include 15% of the lump sum as income for your 2013–14 or 2014–15 Individual income tax return - IR3.
You may qualify for the temporary tax exemption period for new residents.
The FIF rules option
You can ask us to amend your previous tax returns based on the tax rules that applied for those years. You may have to pay interest and penalties.
We recommend talking to a tax agent if you’re considering this option.