Individual income tax return guide 2011 - Inland Revenue Department

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Terms we use
Provisional tax – tax paid in instalments during the year, based on
what you expect your income to be, or what it was last year.
Assessable income – income that is not exempt income or excluded
income (eg, a government grant to a business). Assessable income
includes undeclared business income you may have earned (eg, cash
jobs).
Year – in the diagram below “year” means the standard tax year from
1 April to 31 March, unless you have an approved different end-of-year
balance date.
You don’t qualify
Did you earn assessable income from a business in a
four-year period since you last paid provisional tax?
For example:
Year 0.
You last paid
provisional tax
Year 1 Year 2 Year 3 Year 4
No assessable income from a
business during this period
Year 5.
Eligible for early
payment discount
Did you earn assessable income from a business in a
four-year period since you last claimed the early payment
discount? For example:
You claimed
early payment
discount
Year 1 Year 2 Year 3 Year 4
No assessable income from a
business during this period
Year 5.
Eligible for early
payment discount
Yes
No
You qualify for
an early payment
discount. To apply,
tick the box at
Question 35 on
your tax return.
No
Yes
You don’t qualify