How many provisional tax payments will I make each year?

Generally, most taxpayers will pay three instalments of provisional tax for the year if they use the standard or estimation methods to calculate their provisional tax. 

However, you'll only pay two instalments under these methods if you file GST returns every six months. 

If you're using the GST ratio method you'll pay six instalments, while those using the accounting income method will pay up to six or twelve instalments (depending on how often GST returns are files). 

There may be instances (e.g. a transitional year) where the number of instalments payable could differ, so please contact us if you're unsure. 

If you're a RightWay customer either email info@rightway.co.nz or call 0800 555 024 to find out more.