Get more time to pay your provisional tax
By paying through TMNZ’s tax pool rather than directly to the IRD, you get more time to pay (up to 75 days after your terminal tax date) and can pay when it suits your business cashflow. We make sure everything is settled on time with IRD so that’s one less thing to worry about.
Reduce cost of business borrowing
Rather than getting a business loan, you can leverage your income tax to keep money in the business for longer. In this way, using TMNZ’s tax pool is an alternative to business lending. The best part is, acceptance is guaranteed and no credit checks or applications are required.
Save on IRD interest and late payment penalties
Using TMNZ for past dates means that 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.
Pay in instalments or lump sums
Get control over your income tax payments so you pay when the funds come in. Options include paying a lump sum at a fixed date in the future or you can chip away at the balance over time.