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Income Tax Act 2007

Tax credits and other credits - Tax credits for payments, deductions, and family payments

LB 2: Tax credits for provisional tax payments

You could also call this:

“You can get a credit for provisional tax payments made by you or on your behalf”

You can get a tax credit for the amount of provisional tax you pay in a tax year. This applies whether you pay the provisional tax yourself or if someone else (like an agent) pays it for you. If an agent pays your provisional tax, they need to be responsible for paying it on your behalf. The tax credit you get will be equal to the amount of provisional tax paid for that tax year.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1517917.

Topics:
Money and consumer rights > Taxes
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LB 1B: Treatment of tax credits of certain companies with shareholders who are employees, or

“How companies can share tax credits with shareholders who are also employees”

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LB 3: Tax credits for resident withholding tax, or

“Getting a tax credit for tax withheld on your income”

Part L Tax credits and other credits
Tax credits for payments, deductions, and family payments

LB 2Tax credits for provisional tax payments

  1. A person has a tax credit for a tax year equal to the amount of provisional tax for the tax year paid by—

  2. the person; or
    1. an agent of the person, if the agent is liable to pay provisional tax on behalf of the person.

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