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Income Tax Act 2007

General collection rules - Terminal tax

RB 1: Payment of terminal tax

You could also call this:

“When you need to pay your final tax bill for the year”

You must pay your terminal tax for a tax year on the due date. The due date is set out in section RA 13. Terminal tax is the final tax payment you need to make for a tax year. It’s the difference between the tax you’ve already paid and the total tax you owe for the year. The law says you have to pay this final amount by a certain date. To find out exactly when you need to pay, you should look at section RA 13 of the Income Tax Act 2007. This section will tell you the specific date when your terminal tax is due.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1519787.

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Part R General collection rules
Terminal tax

RB 1Payment of terminal tax

  1. A person must pay their terminal tax for a tax year on the due date set out in section RA 13 (Payment dates for terminal tax).

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Notes
  • Section RB 1: amended (with effect on 1 April 2008), on , by section 496(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).