Put simply, you can get more flexibility while saving time and money

TMNZ offers a better way to manage provisional tax, so you can optimise your cashflow and even earn additional revenue. All while reducing costs and saving time.

Pay provisional tax when it suits you

With TMNZ you can pay provisional tax when it suits your business cashflow and we make sure everything is settled on time with IRD.

Save on IRD interest and late payment penalties

If you have provisional or terminal tax owing to IRD, you can save up to 30% on interest costs and eliminate late payment penalties altogether.

Get some cover during tax audits

TMNZ has the largest tax pool in the country, with the oldest tax going back as far as 2009. This means that we’re in the best position to help your clients with any historic liability arising from a tax audit or voluntary disclosure.

Get full control and earn more on surplus tax

If you tend to overpay 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.

There are two ways we can help with your provisional tax

01

Want provisional tax payments to match your cashflow?

Flexitax® gives you cashflow flexibility so your provisional tax payments suit your business, without worrying about IRD interest or late payment penalties.

  • Choose to pay provisional tax in lump sums or spread out tax payments over time (up to 75 days after your terminal tax date).
  • The interest charged is tax deductible and based on competitive lending rates (lower than bank overdraft fees). Approval is guaranteed and no security is required.

02

Want to postpone an upcoming provisional tax payment?

Tax Finance allows you to take control over a future provisional tax payment date and gives the certainty of a fixed fee paid upfront.

  • Choose a preferred date to pay, and make your provisional tax payment on the date you chose. We then transfer back-dated tax into your IRD account so it’s as if you paid on time.
  • The fee is also tax deductible and based on competitive lending rates. Approval is guaranteed and no security is required.

How Marc started to do tax on his terms

Marc Fountain, Chief Rainmaker, Rainmaker Consulting

Purchasing tax

One costly year Marc had to pay for home renovations and help cover his son’s wedding bills, so he used TMNZ to buy backdated tax and eliminate IRD late payment penalties. He saved about 30% on use-of-money interest compared to paying IRD directly.

Pay his tax when he can

IRD due dates don’t always work for Marc’s cash flow. With TMNZ he can pay a small upfront fee to defer his payment to a later date and save on IRD late payment penalties and use-of-money interest.

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