A smarter way to pay 7 May

Tax payment flexibility  that works for business cashflow

Provisional tax due 7 May? With TMNZ you can keep cash in your business and pay when it suits your cashflow, so tax payments won’t interrupt your business growth.

Learn more
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Tax payment flexibility that works for business cashflow

Provisional tax due 7 May? With TMNZ you can keep cash in your business and pay when it suits your cashflow, so tax payments won’t interrupt your business growth.

Learn more
Get started

Tax payment flexibility that works for business cashflow

Provisional tax due 7 May? With TMNZ you can keep cash in your business and pay when it suits your cashflow, so tax payments won’t interrupt your business growth.

Learn more
Get started

Our solutions, explained 

Download our free guides on all you need to know about getting your 7 May tax sorted and cash flowing. One for you, one for your accountant.

Ready for a simpler 7 May?

Complete the form and a tax expert will be in touch within 1 business day for a quick chat. They’ll put together a no-obligation quote tailored to your needs. 

Join  25,000+  Kiwi businesses who choose TMNZ to take control of their provisional tax payments.

How TMNZ helps 

Tell us what’s due and when, then we’ll outline clear options to help you manage cashflow and avoid penalties.

Get your free, no-obligation quote

Lock in your 7 May rate and put your tax to work

Pay when it suits your cashflow

Get in touch

How TMNZ helps 

Tell us what’s due and when, then we’ll outline clear options to help you manage cashflow and avoid penalties.

Get your free, no-obligation quote

Lock in your 7 May rate and put your tax to work

Pay when it suits your cashflow

Ready for a simpler 7 May?

Complete the form and a tax expert will be in touch within 1 business day for a quick chat. They’ll put together a no-obligation quote tailored to your needs.

Join 25,000+ Kiwi businesses who choose TMNZ to take control of their provisional tax payments.

Join 25,000+ Kiwi businesses who choose TMNZ to take control of their provisional tax payments.

Ready for a simpler 7 May?

Complete the form and a tax expert will be in touch within 1 business day for a quick chat. They’ll put together a no-obligation quote tailored to your needs. 

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Inland Revenue approved

TMNZ is New Zealand’s original and largest tax pooling provider. Trusted by over 100,000 taxpayers since 2003. Approved by Inland Revenue and administered by Guardian Trust, your payments are safe and secure with us.

Resized SVG

Inland Revenue approved

TMNZ is New Zealand’s original and largest tax pooling provider. Trusted by over 100,000 taxpayers since 2003. Approved by Inland Revenue and administered by Guardian Trust, your payments are safe and secure with us.

Are you missing out?

“The majority of our business is actually small to medium enterprise… anybody with income fluctuations throughout the year, TMNZ has the perfect solution. You get more time to pay – another 75 days after your terminal tax date – and purchasing tax through us is going to be cheaper than paying IRD penalties and interest.”

– Joe Kettlewell, Customer Growth Manager TMNZ

Hear more from Joe over on the blog

Are you missing out?

“The majority of our business is actually small to medium enterprise… anybody with income fluctuations throughout the year, TMNZ has the perfect product. You get more time to pay – another 75 days after your terminal tax date – and purchasing tax through us is going to be cheaper than paying IRD penalties and interest.”

– Joe Kettlewell, Customer Growth Manager, TMNZ.

Hear more from Joe over on the blog

FAQs

When is my provisional tax payment due?

For businesses with a standard 31 March balance date, the third provisional tax instalment is due 7 May. However, TMNZ allows you to extend this payment deadline by up to 14 months, giving you the flexibility to keep cash in your business.

What if I can’t pay the full amount by 7 May? Or want to delay it?

You can defer your 7 May payment to a date that suits your cashflow – without incurring Inland Revenue late payment penalties. You simply pay a competitive interest rate on the amount deferred, which is significantly lower than IRD interest and penalties. 

How do I calculate my provisional tax payments?

Generally, provisional tax is calculated using the standard “uplift” method (your last year’s residual income tax + 5%). However, getting this figure right is critical to avoiding IRD interest if your income fluctuates.

Want to be certain? Our team can help you check your numbers and payment options to ensure you don’t pay a dollar more than you need to. Book a call with a Tax Expert.

What happens if I miss the 7 May provisional tax deadline?

Missing the 7 May instalment triggers IRD late payment penalties and use-of-money interest on the unpaid amount. Tax pooling through TMNZ is an IRD-approved way to retrospectively settle missed payments at a lower cost than paying IRD interest and penalties directly.

Can my accountant work with TMNZ too?

Yes. We work with both businesses and accountants, and we can loop your accountant in if you’d like.

How long does it take to get a quote?

Typically, it starts with a quick chat and a few details. Then we’ll come back with clear options.