What is Provisional Tax?
NZ Meaning and Definition
Provisional tax breaks up the lump sum of income tax by paying in instalments throughout the year on provisional and terminal tax dates. Individuals, companies and trusts that paid more than $2,500 tax at the end of the year from their last return are required to pay provisional tax, payable the following year.
Provisional Tax – video guide
James Stuart, our Client Relationship Manager, provides a summary of provisional tax.