Paying provisional tax with tax pooling
Paying provisional tax
with TMNZ
The provisional tax benefits of tax pooling.
Paying provisional tax with TMNZ
The provisional tax benefits of tax pooling.
Tax pooling has helped thousands of Kiwi business owners make the right provisional tax payments, at the right time.
Tax pooling has helped thousands of Kiwi business owners make the right provisional tax payments, at the right time.
Tax pooling is all about freedom and flexibility
Instead of making your provisional tax payments directly to Inland Revenue on a given date, you can pay into the tax pool (of an Inland Revenue-approved intermediary – i.e. us) whenever you like.
When your tax bill arrives, let us know and we’ll transfer the exact amount to Inland Revenue on your behalf. The second we do that, it’ll be considered “tax paid”.
It’s all about balance. Some businesses like to overpay their tax when they have the funds. Because of this, they’re actually helping cover businesses that need a little more flexibility with their tax payment arrangements. We like to think of it as business helping business.
Keep your cash flowing
When it’s time to settle your provisional tax, you can use funds from the tax pool.
And here’s where that balance we spoke about earlier comes into play…
If you’ve overpaid, brilliant. You’ve got another choice to make. Put that credit towards your next payment, sell it off (usually for much higher returns than Inland Revenue will offer), or have it refunded.
If you’ve underpaid, no problem. You can buy a little tax top up. And because that money has already been date stamped as paid on time, you’ll never see another late payment penalty. Not only that, but you can make significant savings on Inland Revenue interest.
Want to know more? Get in touch and we’ll talk you through it.
A partnership that pays
Inland Revenue approved the use of tax pooling in 2003.
Today, Inland Revenue manage the registration of tax pooling intermediaries, of which we were the first, and (still are) the largest.
You're good to go! Tax pooling has been approved for managing voluntary or normal provisional tax payments, reassessments of income tax, and increased obligations of other tax types due to tax audits or voluntary disclosures - like PAYE, GST, FBT, NRWT and Terminal Tax.
Paying provisional tax with TMNZ
The provisional tax benefits of tax pooling.
Tax pooling has helped thousands of Kiwi business owners make the right provisional tax payments, at the right time.
Tax pooling is all about freedom and flexibility
Instead of paying Inland Revenue directly on a given date, you can pay into the tax pool (of an Inland Revenue-approved intermediary – i.e. us) whenever you like.
When your tax bill arrives, let us know and we’ll transfer the exact amount to Inland Revenue on your behalf. The second we do that, it’ll be considered “tax paid”.
It’s all about balance. Some businesses like to overpay their tax when they have the funds. Because of this, they’re actually helping cover businesses that need a little more flexibility with their tax payment arrangements. We like to think of it as business helping business.
Keep your cash flowing
When it’s time to settle your provisional tax, you can use funds from the tax pool.
And here’s where that balance we spoke about earlier comes into play…
If you’ve overpaid, brilliant. You’ve got another choice to make. Put that credit towards your next payment, sell it off (usually for much higher returns than Inland Revenue will offer), or have it refunded.
If you’ve underpaid, no problem. You can buy a little tax top up. And because that money has already been date stamped as paid on time, you’ll never see another late payment penalty. Not only that, but the interest we charge is up to 30% lower than Inland Revenue’s.
Want to know more? Get in touch and we’ll talk you through it.
A partnership that pays
Inland Revenue approved the use of tax pooling in 2003. Since then they’ve had nothing but good things to say about the benefits this revolutionary system brings to both government and business at tax time.
Today, Inland Revenue manage the registration of tax pooling intermediaries, of which we were the first, and (still are) the largest.
You're good to go! Tax pooling has been approved for managing voluntary or normal provisional tax payments, reassessments of income tax, and increased obligations of other tax types due to tax audits or voluntary disclosures - like PAYE, GST, FBT, NRWT and Terminal Tax.
What is provisional tax?
Provisional tax refers to the instalments of income tax businesses, sole traders, and self-employed individuals needing to pay to the Inland Revenue (IR) throughout the financial year.
Do I need to pay provisional tax?
You are required to pay provisional tax if you earn income that doesn’t have tax deducted at the source — self-employed individuals, sole traders, and businesses.
If your residual income tax (RIT) for the previous year was more than $5000, you will be required to pay provisional tax for the current financial year. RIT is calculated by subtracting tax credits — like PAYE, Resident Withholding Tax, or imputation credits — from your taxable income.
You may have to pay provisional tax if you earn income where tax hasn’t been deducted before you receive it.
When do I pay?
What are New Zealand’s provisional tax due dates?
Generally, you will pay provisional tax three times across three set dates, rather than one lump sum at the end of the financial year.
For example, if you have a 31 March balance date (your end of financial year), your three provisional tax instalments are usually due on 28 August, 15 January, and 7 May.
If your balance date isn’t 31 March, or you want to see your whole tax year at a glance, check out our provisional tax calendar:
And if I pay late? Or miss my payment date?
Missing a payment means IR will charge you both late payment penalties (LPP) and use of money interest (UOMI), impacting your cashflow and increasing your tax bill. The penalty is calculated as a percentage of the outstanding tax liability and accrues each day until paid.
If this is you, TMNZ can help to wipe late payment penalties and reduce your interest cost if you’ve underpaid or missed your provisional tax. Contact your accountant or tax agent and tell them you want to pay using TMNZ tax pooling. Or get in touch to learn more about how we can help.
When do I pay?
What are New Zealand’s provisional tax due dates?
Generally, you will pay provisional tax three times across three set dates, rather than one lump sum come end of financial year.
For example, if you have a 31 March balance date (your end of financial year), your three provisional tax instalments are usually due on 28 August, 15 January, and 7 May.
If your balance date isn’t 31 March, or you want to see your whole tax year at a glance, check out our provisional tax calendar:
And if I pay late? Or miss my payment date?
Missing a payment means IR will charge you both late payment penalties (LPP) and use of money interest (UOMI), impacting your cashflow and increasing your tax bill. The penalty is calculated as a percentage of the outstanding tax liability and accrues each day until paid.
If this is you, TMNZ can help to wipe late payment penalties and reduce your interest cost if you’ve underpaid or missed your provisional tax. Contact your accountant or tax agent and tell them you want to pay using TMNZ tax pooling. Or get in touch to learn more about how we can help.
Ever wish you could choose your own tax dates?
Actually, you can! With TMNZ tax pooling, you can choose to either:
Pay in instalments with Flexitax
Flexitax can help you smooth out your payments with options to pay provisional tax in lump sums or instalments up to 75 days after Terminal Tax. Meaning you can keep your cashflow where you need it most.
Choose when you’ll pay with Tax Finance
Tax Finance gives you the freedom to pay tax when you know your business will have the cashflow, essentially delaying your payment date. Simply choose any date up to 75 days after your terminal tax date and rest easy knowing you have the finance when you need it without incurring late payment penalties or IR interest.
Ever wish you could choose your own tax dates?
Actually, you can! With TMNZ tax pooling, you can choose to either:
Pay in instalments with Flexitax
Flexitax can help you smooth out your payments with options to pay provisional tax in lump sums or instalments up to 75 days after Terminal Tax. Meaning you can keep your cashflow where you need it most.
Choose when you’ll pay with Tax Finance
Tax Finance gives you the freedom to pay tax when you know your business will have the cashflow, essentially delaying your payment date. Simply choose any date up to 75 days after your terminal tax date and rest easy knowing you have the finance when you need it without incurring late payment penalties or IR interest.
Contact Us
We make provisional tax easy.
With the largest support team in New Zealand, we’re here to help you.
M2 WIN Kate Sylvester
Win a $1000 Kate Sylvester wardrobe
Renowned womenswear designer Kate Sylvester, co-founded Mindful Fashion New Zealand. TMNZ and Whakatupu Aotearoa Foundation are proud to support Mindful Fashion, the not-for-profit organisation focused on creating an innovative, full circle and thriving future for New Zealand’s fashion industry. Read our case study for more details here.
TMNZ is thrilled to offer you the opportunity to win beautiful, considered clothing of your choice from Kate Sylvester’s latest collection, up to the value of $1000.
Win a $1000 Kate Sylvester wardrobe
Renowned womenswear designer Kate Sylvester, co-founded Mindful Fashion New Zealand. TMNZ and Whakatupu Aotearoa Foundation are proud to support Mindful Fashion, the not-for-profit organisation focused on creating an innovative, full circle and thriving future for New Zealand’s fashion industry. Read our case study for more details here.
TMNZ is thrilled to offer you the opportunity to win beautiful, considered clothing of your choice from Kate Sylvester’s latest collection, up to the value of $1000.
Tax Deposits
Earn more interest
Deposit into our tax pool to reduce liability risk while earning more interest on overpaid tax.
Get full control
By depositing into the TMNZ tax pool, you get more choice over what to do with your funds. You can earn interest on overpayments (more than you would through IRD), move the funds forward to the next financial year or even draw on it as a line of credit.
Reduce your risk and exposure to liability
By using a tax payment intermediary, you reduce your exposure to IRD late payment penalties and can make significant savings on Inland Revenue interest. This includes for missed, underpaid or future provisional tax payments.
Easier access to your tax funds
Gettings refunds from TMNZ is much simpler compared to IRD. Deposits made into the TMNZ tax pool can be refunded in 3-5 working days. No paperwork and much less hassle.
We work with you to improve outcomes
TMNZ has a dedicated client team, which means expert advice is just a phone call or email away. You can even manage your account online through the TMNZ dashboard and we’ll set reminders to let you know when your next provisional tax deposit is due.
Earn more interest
Deposit into our tax pool to reduce liability risk while earning more interest on overpaid tax.
Get full control and earn more on surplus tax
By depositing into the TMNZ tax pool, you get more choice over what to do with your funds. You can earn interest on overpayments (more than you would through IRD), move the funds forward to the next financial year or even draw on it as a line of credit.
Reduce your risk and exposure to liability
By using a tax payment intermediary, you reduce your exposure to IRD late payment penalties and can make significant savings on Inland Revenue interest. This includes for missed, underpaid or future provisional tax payments.
Easier access to your tax funds
Gettings refunds from TMNZ is much simpler compared to IRD. Deposits made into the TMNZ tax pool can be refunded in 3-5 working days. No paperwork and much less hassle.
We work with your to improve outcomes
TMNZ has a dedicated client team, which means expert advice is just a phone call or email away. You can even manage your account online through the TMNZ dashboard and we’ll set reminders to let you know when your next provisional tax deposit is due.
Earn more interest
Deposit into our tax pool to reduce liability risk while earning more interest on overpaid tax.
Get full control and earn more on surplus tax
By depositing into the TMNZ tax pool, you get more choice over what to do with your funds. You can earn interest on overpayments (more than you would through IRD), move the funds forward to the next financial year or even draw on it as a line of credit.
Reduce your risk and exposure to liability
By using a tax payment intermediary, you reduce your exposure to IRD late payment penalties and can make significant savings on Inland Revenue interest. This includes for missed, underpaid or future provisional tax payments.
Easier access to your tax funds
Gettings refunds from TMNZ is much simpler compared to IRD. Deposits made into the TMNZ tax pool can be refunded in 3-5 working days. No paperwork and much less hassle.
We work with your to improve outcomes
TMNZ has a dedicated client team, which means expert advice is just a phone call or email away. You can even manage your account online through the TMNZ dashboard and we’ll set reminders to let you know when your next provisional tax deposit is due.
Three ways to do tax on your terms
1
Want to maximise overpayments and earn more interest?
Some taxpayers overpay tax during earlier provisional tax dates to reduce their risk. Tax sale provides you with an opportunity to generate additional earnings on overpaid tax.
- TMNZ offers a significantly higher rate on overpaid tax compared to what you would otherwise receive from IRD.
- TMNZ works with you throughout this process to make it as straightforward as possible.
2
Want to use your deposits as a line of credit or get refunds back faster?
If you need to access your funds at any time, we make it easy so you get the money when you need it without any hassle or IRD paperwork.
- Tax Drawdown allows you to access deposits in the pool as collateral to drawdown short term funds at very attractive rates.
- You can request your funds back from the pool at any time (no more IRD paperwork!) and the money will be in your account within 3-5 business days.
3
Want to smooth out current year income tax liabilities?
If you’ve overpaid at one provisional tax date, but then underpaid at another, Tax Swap lets you swap surplus tax to even out your payment profile.
- For any under payments, you can swap tax to reduce IRD interest costs.
- Earn extra interest on overpayments swapped forward from earlier provisional tax dates.
Three ways to do tax on your terms
1
Want to maximise overpayments and earn more interest?
If you need to access your funds at any time, we make it easy so you get the money when you need it without any hassle or IRD paperwork.
- Tax Drawdown allows you to access deposits in the pool as collateral to drawdown short term funds at very attractive rates.
- You can request your funds back from the pool at any time (no more IRD paperwork!) and the money will be in your account within 3-5 business days.
2
Want to use your deposits as a line of credit or get refunds back faster?
If you need to access your funds at any time, we make it easy so you get the money when you need it without any hassle or IRD paperwork.
- Tax Drawdown allows you to access deposits in the pool as collateral to drawdown short term funds at very attractive rates.
- You can request your funds back from the pool at any time (no more IRD paperwork!) and the money will be in your account within 3-5 business days.
3
Want to smooth out current year income tax liabilities?
If you’ve overpaid at one provisional tax date, but then underpaid at another, Tax Swap lets you swap surplus tax to even out your payment profile.
- For any under payments, you can swap tax to reduce IRD interest costs.
- Earn extra interest on overpayments swapped forward from earlier provisional tax dates.
1
Want to maximise overpayments and earn more interest?
Some taxpayers overpay tax during earlier provisional tax dates to reduce their risk. Tax sale provides you with an opportunity to generate additional earnings on overpaid tax.
- TMNZ offers a significantly higher rate on overpaid tax compared to what you would otherwise receive from IRD.
- TMNZ works with you throughout this process to make it as straightforward as possible.
2
Want to use your deposits as a line of credit or get refunds back faster?
If you need to access your funds at any time, we make it easy so you get the money when you need it without any hassle or IRD paperwork.
- Tax Drawdown allows you to access deposits in the pool as collateral to drawdown short term funds at very attractive rates.
- You can request your funds back from the pool at any time (no more IRD paperwork!) and the money will be in your account within 3-5 business days.
3
Want to smooth out current year income tax liabilities?
If you’ve overpaid at one provisional tax date, but then underpaid at another, Tax Swap lets you swap surplus tax to even out your payment profile.
- For any under payments, you can swap tax to reduce IRD interest costs.
- Earn extra interest on overpayments swapped forward from earlier provisional tax dates.
FAQs
Whenever you make a tax deposit into TMNZ’s tax pool, this is date-stamped as at the the date of deposit and is held in the pool. For instance, a taxpayer makes a deposit into the tax pool on 28 May 2024. Their deposit will carry this date.
We only transfer that deposit from the pool after the taxpayer (or a person acting on their behalf such an accountant or tax agent) ask us to.
When you deposit funds into a tax pool with TMNZ, you can minimise risk while increasing your earnings as much as possible. Maximising tax deposits allows you to earn interest on overpayment of tax.
When you overpay tax into our tax pool, you have the potential to earn a significantly higher rate of interest on overpayment of funds than you would receive from IRD. You can then easily withdraw funds, move them over to the next financial year, or even draw on the funds as a line of credit.
With TMNZ, you make provisional tax work for your business. Depositing into the TMNZ tax pool means you can swap payments between dates, use payments as collateral to draw down short-term funds, sell or get refunds on overpaid tax. If you have group related entities, you can even make one deposit and then redistribute the tax once the liability for the year has been determined. It’s about managing and mitigating financial risk.
Working capital management is important, as working capital is the lifeblood of any business. Working capital is comprised of a company’s cashflow, assets and liabilities. By closely monitoring and managing working capital, businesses can maintain smooth operations while maximising profitability. TMNZ offers effective working capital management techniques to optimise your business’s efficiency.
Tax Finance is a popular solution for many of our large corporate clients. This allows you to pay the full provisional tax payment on one future date that suits your business. With a fixed upfront fee and a payment date to suit you, Tax Finance offers certainty over costs and payment times. This certainty assists your business to maintain efficient working capital management.
By working with TMNZ, you can enjoy increased flexibility without worrying about the penalties. Tax Finance is a way to improve your working capital management so that your business can continue to run smoothly, especially when cashflow is an issue at tax time.
TMNZ Tax Drawdown allows you to use your tax payments in the pool as collateral to take out funds at attractive interest rates which are more competitive than the banks. You can request money at any time and it will land in your account within three to five business days (provided AML requirements are met). Access to money is guaranteed, and there’s no additional security required.
With Tax Drawdown you can borrow money for a minimum of four weeks or a maximum of up to 75 days after your terminal tax date. Once you’ve paid us back, we can continue to hold those tax payments in the pool (which will be available for a future drawdown) or transfer the payments to the IR to meet your tax liability.
Small businesses and larger companies alike can tap into Tax Drawdown, and there’s no limit to how much of your tax deposit you can withdraw. Contact us to discuss how Tax Drawdown can put you in control of your cashflow.
Book a tax pooling overview
Find out if tax pooling is the right solution for you.
Every business we work with has different needs. Book a call with one of our tax pooling specialists to find out how we can support you.
Flexitax
Need even more flexibility?
Pay your provisional tax with Flexitax. Smooth out your tax payments by paying what you can, when you can. With Flexitax you’ll avoid those late payment penalties and save money on Inland Revenue interest rates.
Need even more flexibility?
Pay your provisional tax with Flexitax. Smooth out your tax payments by paying what you can, when you can. With Flexitax you’ll avoid those late payment penalties and save money on Inland Revenue interest rates.
Need even more flexibility?
Pay your provisional tax with Flexitax. Smooth out your tax payments by paying what you can, when you can. With Flexitax you’ll avoid those late payment penalties and save money on Inland Revenue interest rates.
Zip. Zilch. Nada.
Flexitax helps smooth out your payments by giving you the option to pay provisional tax in lump sums or instalments up to 75 days after Terminal Tax. Meaning you can keep your cashflow where you need it most.
No worries...
No, really, Flexitax gives you up to 22 months to pay, meaning you’ll never have to worry about late payment penalties again. Or Inland Revenue interest (because you’ll save on that too).
And Inland Revenue off your back
There are plenty of reasons to love Flexitax. But the ability to sleep easy every night knowing Inland Revenue recognises tax pooling payments as paid on time might just be the best one yet.
Zip. Zilch. Nada.
Flexitax helps smooth out your payments by giving you the option to pay provisional tax in lump sums or instalments up to 75 days after Terminal Tax. Meaning you can keep your cashflow where you need it most.
No worries...
No, really, Flexitax gives you up to 22 months to pay, meaning you’ll never have to worry about late payment penalties again. Or Inland Revenue interest (because you’ll save on that too).
And Inland Revenue off your back
There are plenty of reasons to love Flexitax. But the ability to sleep easy every night knowing Inland Revenue recognises tax pooling payments as paid on time might just be the best one yet.
Flexitax
It’s called ‘Flexitax’ for one very important reason. It’s flexible. Meaning you can pay your provisional tax on your terms. Regularly, or in lump sums. On top of that, you’ll never have to worry about LPP or high interest rates again (ours are extremely competitive). And of course, it’s all tax deductable.
Better for your cashflow, better for your business. Just better.
Flexitax
It’s called ‘Flexitax’ for one very important reason. It’s flexible. Meaning you can pay your provisional tax on your terms. Regularly, or in lump sums. On top of that, you’ll never have to worry about LPP or high interest rates again (ours are extremely competitive). And of course, it’s all tax deductable.
Better for your cashflow, better for your business. Just better.
Flexitax
It’s called ‘Flexitax’ for one very important reason. It’s flexible. Meaning you can mpay your provisional tax on your terms. Regularly, or in lump sums. On top of that, you’ll never have to worry about LPP or high interest rates again (ours are extremely competitive). And of course, it’s all tax deductable.
Better for your cashflow, better for your business. Just better.
An example of Flexitax
The set up
Let’s say you have to pay provisional tax of $28,000 on 28 August. You might be thinking an overdraft (at bank interest rates) will help you avoid late payment penalties and IR UOMI.
There’s a better way
It’s called a Flexitax arrangement.
How it works
We’ll make the payment for you, using tax from the pool. This means you’ll be able to pay off your tax over the next 22 months in small, regular payments. Or, if you prefer, in large lump sums (depending on your cashflow).
The benefit
Not only have you avoided late payment penalties, but you’ll also pay interest at a floating rate (which is usually much more competitive than the rates offered by banks).
An example of Flexitax
The set up
Let’s say you have to pay provisional tax of $28,000 on 28 August. You might be thinking an overdraft (at bank interest rates) will help you avoid late payment penalties and IR UOMI.
There’s a better way
It’s called a Flexitax arrangement.
How it works
We’ll make the payment for you, using tax from the pool. This means you’ll be able to pay off your tax over the next 22 months in small, regular payments. Or, if you prefer, in large lump sums (depending on your cashflow).
The benefit
Not only have you avoided late payment penalties, but you’ll also pay interest at a floating rate (which is usually much more competitive than the rates offered by banks).
An example of Flexitax
The set up
Let’s say you have to pay provisional tax of $28,000 on 28 August. You might be thinking an overdraft (at bank interest rates) will help you avoid late payment penalties and IR UOMI.
There’s a better way
It’s called a Flexitax arrangement.
How it works
We’ll make the payment for you, using tax from the pool. This means you’ll be able to pay off your tax over the next 22 months in small, regular payments. Or, if you prefer, in large lump sums (depending on your cashflow).
The benefit
Not only have you avoided late payment penalties, but you’ll also pay interest at a floating rate (which is usually much more competitive than the rates offered by banks).
Thinking about tax pooling?
Learn more about how tax pooling could help your business.
We’ll connect you with a tax expert for advice tailored to you.
Tax Finance
Tax finance
100% flexible. 100% compliant. 100% easy.
A.K.A pay when you like
Tax finance gives you the freedom to make payments when you know your business will have the cashflow. And because you can choose any date up to 75 days after terminal tax, you can rest easy knowing your money is safely in the hands of an approved guardian trust, and that the risk of late payment penalties or Inland Revenue interest is a thing of the past.
Relax, we've got you covered
The days of paying big bank lending costs are over. We’ll make sure your tax is paid on time. All you need to do is pay your fee up front (we’ll calculate that for you) to lock in a great interest rate.
Your cashflow crystal ball
Tax pooling gives you the ability to look ahead and match your tax payments to seasonal highs. Meaning you can avoid things that have the power to set you and your business back – like bank overdrafts and loans.
Tax finance
100% flexible. 100% compliant. 100% easy.
With the ability to pick a date in the future and lock in your finance rate, you’ll have more freedom to match your tax payments to your cashflow. Meaning you can keep cash where you need it most (your business) longer, while locking in interest rates that have the added bonus of being tax deductable.
Tax finance
100% flexible. 100% compliant. 100% easy.
With the ability to pick a date in the future and lock in your finance rate, you’ll have more freedom to match your tax payments to your cashflow. Meaning you can keep cash where you need it most (your business) longer, while locking in interest rates that have the added bonus of being tax deductable.
A.K.A pay when you like
Tax finance gives you the freedom to make payments when you know your business will have the cashflow. And because you can choose any date up to 75 days after terminal tax, you can rest easy knowing your money is safely in the hands of an approved guardian trust, and that the risk of late payment penalties or Inland Revenue interest is a thing of the past.
Relax, we've got you covered
The days of paying big bank lending costs are over. We’ll make sure your tax is paid on time. All you need to do is pay your fee up front (we’ll calculate that for you) to lock in a great interest rate.
Your cashflow crystal ball
Tax pooling gives you the ability to look ahead and match your tax payments to seasonal highs. Meaning you can avoid things that have the power to set you and your business back – like bank overdrafts and loans.
A.K.A pay when you like
Tax finance gives you the freedom to make payments when you know your business will have the cashflow. And because you can choose any date up to 75 days after terminal tax, you can rest easy knowing your money is safely in the hands of an approved guardian trust, and that the risk of late payment penalties or Inland Revenue interest is a thing of the past.
Relax, we've got you covered
The days of paying big bank lending costs are over. We’ll make sure your tax is paid on time. All you need to do is pay your fee up front (we’ll calculate that for you) to lock in a great interest rate.
Your cashflow crystal ball
Tax pooling gives you the ability to look ahead and match your tax payments to seasonal highs. Meaning you can avoid things that have the power to set you and your business back – like bank overdrafts and loans.
An example of tax finance
The set up
Let’s say you have a tax bill of $36,000 due on 28 August. You have the money set aside but paying your tax bill now will mean cutting back on necessary costs and slowing down your business growth.
There is a better way
It’s called a tax finance agreement.
How it works
Instead of using that $36,000 to pay your tax right now, you can lock in a fixed interest rate and a set payment date up to 75 days after your terminal tax date. Doing this means your bill is now due next March (when you forecast a better cashflow position). We’ll then calculate the finance fee to this date, which you pay to lock in the rate.
The benefit
Come March, you can pay your tax bill without negatively impacting your cashflow or business. As far as Inland Revenue is concerned, you’ve paid your tax on time, saving yourself from late payment penalties and Inland Revenue interest.
An example of tax finance
The set up
Let’s say you have a tax bill of $36,000 due on 28 August. You have the money set aside but paying your tax bill now will mean cutting back on necessary costs and slowing down your business growth.
There is a better way
It’s called a tax finance agreement.
How it works
Instead of using that $36,000 to pay your tax right now, you can lock in a fixed interest rate and a set payment date up to 75 days after your terminal tax date. Doing this means your bill is now due next March (when you forecast a better cashflow position). We’ll then calculate the finance fee to this date, which you pay to lock in the rate.
The benefit
Come March, you can pay your tax bill without negatively impacting your cashflow or business. As far as Inland Revenue is concerned, you’ve paid your tax on time, saving yourself from late payment penalties and Inland Revenue interest.
Speak with a tax expert
Looking to pay when it suits you?
Schedule a call with a TMNZ tax expert to discuss how tax pooling can help.
Tax Pooling with TMNZ in Mandarin
TMNZ 税收统筹服务：
个性 化的缴税模式
税收统筹是由新西兰税务局（IRD）批准的服务商 TMNZ 提供。 TMNZ 自 2003 年立法生效以来 就一直致力于税收统筹方面的发展。
税收统筹是由新西兰税务局（IRD）批准的服务商 TMNZ 提供。 TMNZ 自 2003 年立法生效以来 就一直致力于税收统筹方面的发展。
TMNZ 税收统筹服务：
个性 化的缴税模式
税收统筹是由新西兰税务局（IRD）批准的服务商 TMNZ 提供。 TMNZ 自 2003 年立法生效以来 就一直致力于税收统筹方面的发展。
Helen Rao from Rao&Associates discusses in Mandarin the benefits of tax pooling for her clients.
来自 Rao & Associates 的 Helen Rao 用普通话讨论税收统筹对她的客户的好处。
首先，能为我们介绍一下你的公司吗？ 你们提供的服务包括那些？ 你们的客户有那些类型
我们是一家有十五年以上经验的会计公司，我们拥有税务局注册的税务顾问和多年会计工作经验的优秀注册会计师团队。精通各类会计业务，为客户提供个性化的最专业的会计服务。
我们的会计和税务服务包括：
- 公司注册和税号申请
- 企业和个人报税
- 家庭信托税务申报
- 投资房报税
- 商品服务税GST和工资税PAYE的申报
- 税务局审计协助
- 税务局税费减免
- 财务预算和资金预测
- 个人资产结构组合和税务规划咨询
我个人在新西兰从事会计行业有二十多年，我们客户涵盖了各行各业，客户类型有公司，家庭信托，个人及其他经济体系。
你怎么看预付税？你的客户在支付预付税时会遇到什么困难吗？
预缴税并不是一种单独的税种 – 它是支付年度所得税的一种方式。有点像按照收入税分期付款的意思。任何当年年终所得的剩余税超过$2,500.- 纽币的纳税人就有必要为来年缴纳预缴税。通常情况下，会选择标准算法，也就是当年应缴税额乘以105%来计算下一年的预缴税。预缴税分三期支付，当年的8月28日前，第二年的 1月15日前和5月7日前。任何逾期付款都可被处以利息及罚款。
预缴税对企业来说是沉重的负担，在缴纳当年税费的同时要预缴下一年的所得税，所以企业需要准备好两份所得税的资金。而这对中小企业来说，特别是一些现金流较为紧张的企业，无疑是沉重的负担。
例如我们有一些小规模房地产开发商，在某一年完工的物业较多，会出现当年销售额高、需要交纳高昂的年终税和预缴税的情况。这对资金需求产生压力，不利于企业资金管理，往往会因着高额税款的支付，导致公司现金流短缺，从而影响企业在建工程的施工进度，并且影响到企业整体的运营和成本。
还有一些发展较快的企业，虽然我们每年都按照标准算法估算了下一年的预缴税，企业也按时缴纳了这部分税款，但因为利润增长较快，标准算法下的预缴税会被低估，企业仍需为此支付税务局的利息费用。
你是什么时候听说TMNZ的税务统筹服务的？ 你的第一反应是什么？
我们在去年年初得知TMNZ提供的税务统筹服务，觉得这项服务能够在很大程度上帮助到我们的客户。帮助他们缓解现金流阶段性紧张的问题。我们当时就联系了TMNZ的工作人员，详细地了解了具体的服务内容及使用方法并注册了TMNZ的账号。
我们的服务有帮助到你的客户吗？ 你会继续推荐TMNZ的服务给其他客户和公司吗？
在过去的一年，我们公司已经推荐不少客户使用TMNZ的税务统筹服务。客户可以根据自己的资金使用情况，很灵活地支付他们的年终所得税和来年的预缴税。在这些客户中，有部分选择每周向TMNZ的银行账户支付小额税款，也有部分选择在资金充裕的时候再一次性通过TMNZ支付税款。
对我们的客户来说，最重要的是有额外的延长支付时间，又可以避免支付税务局的罚款和部分利息。没有使用税务统筹服务的纳税人，如果到期没上缴的话，税务局会在到期日第二天先扣除预缴税的1%，七天后再扣4%作为迟缴罚款。时间拖得越长，罚款及利息也越多。TMNZ税务统筹服务帮助客户获得延长的缴税期限，当年年终所得税可以延至年终应缴税日之后的75天内付清税款，预缴税可以延期至20个月，而不需要理会三次的预缴税期限。只要在期限内将所需缴纳的资金转入TMNZ服务账户就不会产生任何罚款，同时节省利息费用多达30%。
所以我们非常建议我们的客户使用TMNZ提供的税务统筹服务。就像我们代客户处理所有会计和税务申报一样，TMNZ代客户支付所得税和预缴税。
另外，TMNZ还可以在税务局审计方面帮助客人。例如审计发现之前有少缴的其他税种，包括商品服务税GST、工资税PAYE或者福利税FBT，TMNZ都可以帮助减免历史性罚款。
因为使用TMNZ税务统筹服务，在缴税方面优势很多，所以我们会推荐给其他同行和企业来使用
首先，能为我们介绍一下你的公司吗？ 你们提供的服务包括那些？ 你们的客户有那些类型?
我们是一家有十五年以上经验的会计公司，我们拥有税务局注册的税务顾问和多年会计工作经验的优秀注册会计师团队。精通各类会计业务，为客户提供个性化的最专业的会计服务。
我们的会计和税务服务包括：
- 公司注册和税号申请
- 企业和个人报税
- 家庭信托税务申报
- 投资房报税
- 商品服务税GST和工资税PAYE的申报
- 税务局审计协助
- 税务局税费减免
- 财务预算和资金预测
- 个人资产结构组合和税务规划咨询
我个人在新西兰从事会计行业有二十多年，我们客户涵盖了各行各业，客户类型有公司，家庭信托，个人及其他经济体系。
你怎么看预付税？你的客户在支付预付税时会遇到什么困难吗？
预缴税并不是一种单独的税种 – 它是支付年度所得税的一种方式。有点像按照收入税分期付款的意思。任何当年年终所得的剩余税超过$2,500.- 纽币的纳税人就有必要为来年缴纳预缴税。通常情况下，会选择标准算法，也就是当年应缴税额乘以105%来计算下一年的预缴税。预缴税分三期支付，当年的8月28日前，第二年的 1月15日前和5月7日前。任何逾期付款都可被处以利息及罚款。
预缴税对企业来说是沉重的负担，在缴纳当年税费的同时要预缴下一年的所得税，所以企业需要准备好两份所得税的资金。而这对中小企业来说，特别是一些现金流较为紧张的企业，无疑是沉重的负担。
例如我们有一些小规模房地产开发商，在某一年完工的物业较多，会出现当年销售额高、需要交纳高昂的年终税和预缴税的情况。这对资金需求产生压力，不利于企业资金管理，往往会因着高额税款的支付，导致公司现金流短缺，从而影响企业在建工程的施工进度，并且影响到企业整体的运营和成本。
还有一些发展较快的企业，虽然我们每年都按照标准算法估算了下一年的预缴税，企业也按时缴纳了这部分税款，但因为利润增长较快，标准算法下的预缴税会被低估，企业仍需为此支付税务局的利息费用。
你是什么时候听说TMNZ的税务统筹服务的？ 你的第一反应是什么？
我们在去年年初得知TMNZ提供的税务统筹服务，觉得这项服务能够在很大程度上帮助到我们的客户。帮助他们缓解现金流阶段性紧张的问题。我们当时就联系了TMNZ的工作人员，详细地了解了具体的服务内容及使用方法并注册了TMNZ的账号。
我们的服务有帮助到你的客户吗？ 你会继续推荐TMNZ的服务给其他客户和公司吗？
在过去的一年，我们公司已经推荐不少客户使用TMNZ的税务统筹服务。客户可以根据自己的资金使用情况，很灵活地支付他们的年终所得税和来年的预缴税。在这些客户中，有部分选择每周向TMNZ的银行账户支付小额税款，也有部分选择在资金充裕的时候再一次性通过TMNZ支付税款。
对我们的客户来说，最重要的是有额外的延长支付时间，又可以避免支付税务局的罚款和部分利息。没有使用税务统筹服务的纳税人，如果到期没上缴的话，税务局会在到期日第二天先扣除预缴税的1%，七天后再扣4%作为迟缴罚款。时间拖得越长，罚款及利息也越多。TMNZ税务统筹服务帮助客户获得延长的缴税期限，当年年终所得税可以延至年终应缴税日之后的75天内付清税款，预缴税可以延期至20个月，而不需要理会三次的预缴税期限。只要在期限内将所需缴纳的资金转入TMNZ服务账户就不会产生任何罚款，同时节省利息费用多达30%。
所以我们非常建议我们的客户使用TMNZ提供的税务统筹服务。就像我们代客户处理所有会计和税务申报一样，TMNZ代客户支付所得税和预缴税。
另外，TMNZ还可以在税务局审计方面帮助客人。例如审计发现之前有少缴的其他税种，包括商品服务税GST、工资税PAYE或者福利税FBT，TMNZ都可以帮助减免历史性罚款。
因为使用TMNZ税务统筹服务，在缴税方面优势很多，所以我们会推荐给其他同行和企业来使用
Paying Tax With TMNZ
Tax guides from the experts
Expert advice you can download on tax pooling, provisional tax and cashflow.
Tax guides from the experts
We’ve prepared expert advice you can download on tax pooling, provisional tax and cashflow.
Tax guides from the experts
We’ve prepared expert advice you can download on tax pooling, provisional tax and cashflow.
Calculating Provisional Tax
How to calculate provisional tax using the Standard Uplift Method.
Calculating Provisional Tax
How to calculate provisional tax using the Standard Uplift Method.
Need a quote now?
We’ll match you with the tax pooling arrangement right for your business.
All you need to do is tell us your tax amount owed, the date it’s due, and how you would like to pay. Simple.
Provisional Tax Calendar
Provisional Tax Dates
Keep track of all your tax dates.
Add our payment dates calendar to your own digital calendar, or download our 2025 Calendar.
Provisional Tax Dates
Keep track of all your tax dates.
Add our payment dates calendar to your own digital calendar, or download our 2025 Calendar.
Provisional and terminal tax due dates
Select your balance date to see your provisional tax and terminal tax due dates
28 August
First provisional tax payment due
15 January
Second provisional tax payment due
7 May
Third provisional tax payment due
7 February
Terminal tax without EOT due
7 April
Terminal tax with EOT due
28 September
First provisional tax payment due
28 January
Second provisional tax payment due
28 May
Third provisional tax payment due
7 February
Terminal tax without EOT due
7 April
Terminal tax with EOT due
28 October
First provisional tax payment due
28 February
Second provisional tax payment due
28 June
Third provisional tax payment due
7 February
Terminal tax without EOT due
7 April
Terminal tax with EOT due
28 November
First provisional tax payment due
28 March
Second provisional tax payment due
28 July
Third provisional tax payment due
7 February
Terminal tax without EOT due
7 April
Terminal tax with EOT due
15 January
First provisional tax payment due
7 May
Second provisional tax payment due
28 August
Third provisional tax payment due
7 February
Terminal tax without EOT due
7 April
Terminal tax with EOT due
28 January
First provisional tax payment due
28 May
Second provisional tax payment due
28 September
Third provisional tax payment due
7 February
Terminal tax without EOT due
7 April
Terminal tax with EOT due
28 February
First provisional tax payment due
28 June
Second provisional tax payment due
28 October
Third provisional tax payment due
7 February
Terminal tax without EOT due
7 April
Terminal tax with EOT due
28 March
First provisional tax payment due
28 July
Second provisional tax payment due
28 November
Third provisional tax payment due
7th September
Terminal tax without EOT due
7 November
Terminal tax with EOT due
7 May
First provisional tax payment due
28 August
Second provisional tax payment due
15 January
Third provisional tax payment due
7 October
Terminal tax without EOT due
7 December
Terminal tax with EOT due
28 May
First provisional tax payment due
28 September
Second provisional tax payment due
28 January
Third provisional tax payment due
7 November
Terminal tax without EOT due
15 January
Terminal tax with EOT due
28 June
First provisional tax payment due
28 October
Second provisional tax payment due
28 February
Third provisional tax payment due
7 December
Terminal tax without EOT due
7 February
Terminal tax with EOT due
28 July
First provisional tax payment due
28 November
Second provisional tax payment due
28 March
Third provisional tax payment due
15 January
Terminal tax without EOT due
7 March
Terminal tax with EOT due
Provisional and terminal tax due dates
Select your balance date to see your provisional tax and terminal tax due dates
28 August
First provisional tax payment due
15 January
Second provisional tax payment due
7 May
Third provisional tax payment due
7 February
Terminal tax without EOT due
7 April
Terminal tax with EOT due
28 September
First provisional tax payment due
28 January
Second provisional tax payment due
28 May
Third provisional tax payment due
7 February
Terminal tax without EOT due
7 April
Terminal tax with EOT due
28 October
First provisional tax payment due
28 February
Second provisional tax payment due
28 June
Third provisional tax payment due
7 February
Terminal tax without EOT due
7 April
Terminal tax with EOT due
28 November
First provisional tax payment due
28 March
Second provisional tax payment due
28 July
Third provisional tax payment due
7 February
Terminal tax without EOT due
7 April
Terminal tax with EOT due
15 January
First provisional tax payment due
7 May
Second provisional tax payment due
28 August
Third provisional tax payment due
7 February
Terminal tax without EOT due
7 April
Terminal tax with EOT due
28 February
First provisional tax payment due
28 June
Second provisional tax payment due
28 October
Third provisional tax payment due
7 February
Terminal tax without EOT due
7 April
Terminal tax with EOT due
28 March
First provisional tax payment due
28 July
Second provisional tax payment due
28 November
Third provisional tax payment due
7th September
Terminal tax without EOT due
7 November
Terminal tax with EOT due
7 May
First provisional tax payment due
28 August
Second provisional tax payment due
15 January
Third provisional tax payment due
7 October
Terminal tax without EOT due
7 December
Terminal tax with EOT due
28 May
First provisional tax payment due
28 September
Second provisional tax payment due
28 January
Third provisional tax payment due
7 November
Terminal tax without EOT due
15 January
Terminal tax with EOT due
28 June
First provisional tax payment due
28 October
Second provisional tax payment due
28 February
Third provisional tax payment due
7 December
Terminal tax without EOT due
7 February
Terminal tax with EOT due
28 July
First provisional tax payment due
28 November
Second provisional tax payment due
28 March
Third provisional tax payment due
15 January
Terminal tax without EOT due
7 March
Terminal tax with EOT due
28 January
First provisional tax payment due
28 May
Second provisional tax payment due
28 September
Third provisional tax payment due
7 February
Terminal tax without EOT due
7 April
Terminal tax with EOT due
Upcoming TMNZ payment dates
Stay on top of your tax pooling payment dates.
*Payment dates may change in accordance with Inland Revenue changes
Upcoming TMNZ payment dates
Stay on top of your tax pooling payment dates. Subscribe to have all of the upcoming payment dates right inside your own calendar.
*Payment dates may change in accordance with Inland Revenue changes
Need a quote now?
Want to know more about how tax pooling could help your business? Our support team (the largest in NZ) have all the answers.
Get in touch with us today on 0800 829 888 or support@tmnz.co.nz
Safe harbour
Safe harbour - what is it?
The safe harbour rule defines the threshold at which IR use of money interest (UOMI) applies if income taxes for the year are underpaid.
Who does the safe harbour rule apply to?
The safe harbour rules in NZ apply to taxpayers with residual income tax (RIT) of less than $60,000, calculated using the standard uplift method. If a taxpayer meets the safe harbour criteria, Inland Revenue will only charge interest on any unpaid taxes from the taxpayer’s terminal tax date onwards.
Current safe harbour rules in NZ
Before April 1 2022, taxpayers within the safe harbour threshold needed to pay their provisional taxes in full and on time. Inland Revenue removed this requirement from the beginning of the 2023 income year.
Taxpayers can also use the safe harbour rules during their first year of business when their residual income tax is less than $60,000.
This description is correct as of February 27, 2023.
More useful tips and guides for paying tax
We’re here to support you with flexible and innovative tax solutions.
- Find a TMNZ Premium Partner for tax pooling advice
- Improve your cashflow with our Better Cashflow Management guide
How to calculate provisional tax using the Standard Uplift Method and use tax pooling to avoid IR UOMI and late payment penalties
Current version available for download: October 2022
Previously published version(s): August 2019, February 2020
Cashflow Guide
Better Cashflow Management
Managing cashflow is one of the biggest challenges that New Zealand businesses face. We’ve put together some tips and tricks to make it easier to ride those cashflow highs and lows through the year.
In this guide...
- Identify if you have a cashflow issue
- Common cashflow mistakes businesses make
- Cashflow tips and tricks including how to do a cashflow forecast, receive payments from customers faster, and ways to keep more cash in your business.
Current version available for download: October 2022
Previously published version(s): August 2019, February 2020
About this guide
In this guide, we provide some tips and tricks to improve your cashflow.
Including how to do a cashflow forecast, receive payments from customers faster, and simple ways you can keep more cash in your business.