---
title: Talk to us now about Provisional Tax
description: Provisional tax new zealand
---

[K3 Blog](https://blog.k3.co.nz)

# [Talk to us now about Provisional Tax](https://blog.k3.co.nz/talk-to-us-now-about-provisional-tax)

 Written by [Richard Matson](https://blog.k3.co.nz/author/richard-matson) | 27-Apr-2021 22:05:21

Provisional tax is due soon – there are several options to help if your cash flow is looking a little sticky, plus new legislation raising the provisional tax threshold. We can work with you and Inland Revenue to help.

 

The first provisional tax payment for the 2021/22 financial year will be due on May 7.

**Cashflow issues?**

If you’re worried about paying your provisional tax, it’s important to work with us and Inland Revenue (IR) to find a solution. You may be able to use:

- **Instalments** – we can work out a payment plan on your behalf with IR.
- **Tax pooling** – once it’s set up, tax pooling lets you manage provisional payments effectively
- **Covid relief** – re-estimations of provisional tax, removing penalties and hardship write-offs are available from the [IRD](https://www.ird.govt.nz/covid-19/business-and-organisations).

You may also be able to apply for the [Small Business Cashflow Scheme](https://www.ird.govt.nz/covid-19/business-and-organisations/sbcs) (SBCS). Your business needs to be eligible, including having a 30% decline in revenue; we can demonstrate this for IR and apply for the SBCS on your behalf.

**You may no longer need to pay provisional tax**

[New legislation](https://www.ird.govt.nz/covid-19/business-and-organisations/provisional-tax) means if your provisional tax amount is less than $5000, you don’t need to file your tax bill until February 7 next year. This is a permanent change from the previous cap of $2500. If you think you fall into this category and we haven’t been in touch, do let us know.

**Questions or problems?**

Email us or give us a call – we can work with you (and Inland Revenue) to manage your cashflow, making it easier to pay your provisional tax throughout the year ahead.

[View full post](https://blog.k3.co.nz/talk-to-us-now-about-provisional-tax)

```json
{
  "@context" : "http://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Richard Matson"
  },
  "dateModified" : "2021-04-27T22:05:21.829Z",
  "datePublished" : "2021-04-27T22:05:21Z",
  "headline" : "Talk to us now about Provisional Tax",
  "image" : {
    "@type" : "ImageObject",
    "height" : 2663,
    "url" : "https://f.hubspotusercontent10.net/hubfs/3417663/Prov%20taxt%20article%20image.jpg",
    "width" : 4793
  },
  "mainEntityOfPage" : "https://blog.k3.co.nz/talk-to-us-now-about-provisional-tax",
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "height" : 60,
      "url" : "/hs/hsstatic/content_shared_assets/static-1.4092/img/default-amp-logo.png",
      "width" : 60
    },
    "name" : "K3 Blog"
  }
}
```