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The effective date we'll use for a transfer depends on how and when the credit came about and where it's going to. You can use the Transfer date calculator service on the Tax preparer tab to calculate the effective data and maximum amount that can be transferred.

Transfers between the same or associated customers

We transfer credits using the effective date that best benefits the customer. This means we'll either:

  • maximise the credit interest (generally today's date)
  • minimise debit interest and/or late payment penalties (this is the later of the due date for the debt or the day the credit became available).

Credit assessments

Credits caused by an assessment are transferred using the date the return was filed.

Payments

Payments are transferred using the day the payment was made.

Credit interest

Credit interest is always transferred using the day the request was made.

Transfers between non-associated customers

When transfering credits between customers that are not associated, the effective date is the later of either:

  • the day the transfer was requested
  • the day after the relevant return was filed for the period in which the refund arose.

Donations tax credit claims

When requesting transfer of donations tax credits the effective date is the later of either:

  • the day the transfer was requested (or a day after the request was made)
  • the day after the customer applies for a donation tax credit.

GST transfers

The effective date for transferring GST credits depends on when the GST return is filed.

If the GST return was filed ... The effective date will be ...
Before the due date 

The earlier of either:

  • the day after the return was filed
  • the day after the end of the GST return period where the transfer is coming from.
On the due date The day after the end of the GST return period.
After the due date The day after the return was filed.
Not an associated customer

The later of either:

  • the day the transfer was requested
  • the day after the return was filed.

Note: This table is effective from 1 April 2018.