2025 tax year dates in New Zealand
Managing a business in New Zealand means juggling quite a lot, especially with all the tax deadlines. Stay organised by adding these due dates to your calendar, or bookmark this page for reference. Please note, these tax dates are specifically for Kiwi businesses with a balance date of 31 March, and are to be used as a guide only.
Date | Details |
|---|---|
15 Jan | |
15 Jan | |
20 Jan | |
20 Jan | Employer deductions due for December 2024 for businesses whose gross annual PAYE and ESCT is less than $500,000 a year. |
07 Feb | |
07 Feb | |
20 Feb | Employer deductions due for January 2025 for businesses whose gross annual PAYE and ESCT is less than $500,000 a year. |
28 Feb |
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What are the important tax year dates for NZ businesses?
In New Zealand, the financial year for most businesses runs from 1 April to 31 March. The tax year filing deadline is 7 July. However, if you’re registered with a tax agent before this date, your tax return deadline may be extended until 31 March the following year.
Here are the most important tax dates for you to remember:
- Goods and Services Tax (GST): GST returns and payments are typically due on the 28th of the month following the end of the taxable period. This can be monthly, two-monthly, or six-monthly, depending on the GST filing frequency of the business.
- Provisional Tax: For those on the standard option, provisional tax is due three times a year (28th August, 15th January, and 7th May). Some provisional tax payers may have different deadlines from this depending on business size and GST filing frequency.
- Terminal Tax: Terminal tax is due the year following the tax year. If you don't have a tax agent this is the 7th of February. If you do have a tax agent, this is the 7th of April (2026 for the 24/25 financial year).
- Fringe Benefits Tax (FBT): FBT returns are due on the 20th of the month following each financial quarter. The specific due dates are 20th April, 20th July, 20th October, and 20th January.
- PAYE: If you employ staff you will be required to pay PAYE (including other deductions like KiwiSaver). This is due on the 20th of the following month. For larger employers, PAYE is due twice a month (on the 5th and 20th).
What do I do if I’ve missed the tax deadlines?
Late filing returns can incur IRD interest and penalties. You may also lose your extension of time for income tax return filing. If you are unable to make tax payments on time then get in touch with the IRD to arrange a payment plan.
For those considering a repayment arrangement, you can do so via your myIR account. However, for our clients, we can certainly step in and manage this process. Please note, if you have significant arrears, particularly over $50k, it's crucial to contact the IRD directly, as such situations are handled by their debt recovery teams and require more serious attention.
If you need assistance with paying provisional tax, you may want to consider tax pooling.
How can I file my taxes?
Filing for the NZ tax year doesn't have to be a headache. You've got options: tackle it yourself, or let a professional accountant or tax agent ease the burden.
- DIY: you can file online through MyIR. Find more guidance on the IRD's website.
- Via an accountant or a tax agent: partnering with a tax agent or an accounting firm like Beany can simplify things immensely. Accountants keep up to date on all the tax rules and regulations to help minimise the amount of tax you owe.
Keeping track of tax deadlines
As a business owner, keeping tax deadlines on your agenda is crucial. But why not make it simple?
Beany can make your life a whole lot easier. We don’t just complete your tax returns. Our IRD integration works quietly on our platform. It will send you reminders about your due dates and deadlines. You will know how much you need to pay and when.
Meeting your tax deadlines
Planning ahead is essential for any Kiwi business owner. Our accountants recommend setting aside 30% - 35% of your gross income in a separate bank account for taxes (e.g. GST, income tax). This strategy helps prevent cash flow issues when your tax deadlines roll around.
Equally important is maintaining your accounting records, such as receipts, bank statements, invoices, etc. The IRD requires you to keep these records for at least 7 years, so staying organised is key.
If you’re feeling overwhelmed, don’t worry. Beany is here to help.
We’ve helped countless New Zealand businesses meet their tax deadlines, minimise their returns and find their financial footing. Our team provides tailored support to ensure your finances are in order and your business is fully prepared for the tax season.
We also provide our clients with additional support as needed such as bookkeeping, cash flow forecasting, budget preparation and more.
Say goodbye to accounting and tax stress! Book a call to discuss your accounting requirements.