Tax Management NZ (TMNZ) has a product that those who might struggle to pay provisional tax due on 28 March might find helpful.
Tax FINANCE allows you to defer this payment to a time that suits you, without having to worry about IRD late payment penalties and interest.
The benefits of Tax FINANCE include:
- Cheaper than other forms of funding such as an overdraft or unsecured loan.
- You choose when to repay the principal.
- Lets you keep money in your business as opposed to tied up at IRD.
- The finance fee is tax deductible
- Approval is guaranteed.
- No security required.
You can find more information about Tax FINANCE here.
Please log into your TMNZ account or phone 0800 829 888 to arrange Tax FINANCE.