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RC 1: What this subpart does
or “This subpart outlines the rules, calculations, and consequences for provisional tax payments”
You could also call this:

“How to pay tax in advance and when these rules apply to you”

The provisional tax rules are a set of laws that tell you how to pay tax in advance. These rules are made up of different parts of the law.

The rules include this part of the law, as well as another part that talks about tax credits for provisional tax payments. There are also several other sections of a different law called the Tax Administration Act 1994 that are part of these rules.

If you have to pay provisional tax, or if you choose to pay it, these rules apply to you. This means you need to follow these rules when you’re paying your tax in advance.

Remember, provisional tax is a way of paying your income tax throughout the year, instead of all at once at the end of the year. It’s like saving up your tax money bit by bit.

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Next up: RC 3: Who is required to pay provisional tax?

or “People who owe more than $5,000 in tax must pay provisional tax, with some exceptions”
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Part R General collection rules
Provisional tax

RC 2Provisional tax rules and their application

  1. The provisional tax rules means—

  2. this subpart; and
    1. section LB 2 (Tax credits for provisional tax payments); and
      1. sections 124S to 124W and 124ZF, 119, 120KB to 120N, 120OE, 139B and 139C, 173P to 173R of the Tax Administration Act 1994.

        1. The provisional tax rules apply to a person who is required or who chooses to pay provisional tax.

        Compare
        • 2004 No 35 s OB 1 provisional tax rules
        Notes
        • Section RC 2(1)(c): amended, on , by section 293 of the Taxation (Annual Rates for 2018–19, Modernising Tax Administration, and Remedial Matters) Act 2019 (2019 No 5).