Important information about purchasing tax

Important information about purchasing tax

Important information about purchasing tax TMNZ Blog

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You can no longer purchase tax from Tax Management NZ (TMNZ) to settle 2013 terminal or provisional tax liabilities – unless you have received a reassessment notice from Inland Revenue (IRD).

IRD will otherwise not accept the use of tax pool funds to settle these liabilities, as it is beyond 75 days after all terminal tax dates for the 2013 income year.

In instances where you have received an IRD reassessment notice, you have up to 60 days after the notice has been issued to use tax pooling to settle tax liabilities.

As for 2014 provisional tax, you still have plenty of time to purchase that from TMNZ.