Tax Purchase – meaning and definition

If you’re paying IRD interest, you’re paying too much. Tax Purchase lets you reduce this cost by up to 30 percent and eliminate late payment penalties if you have overdue provisional tax or the taxman reassesses you.

Chris Cunniffe, our Chief Executive, explains how Tax Purchase works.

Further resources:

• Our Provisional Tax Guide
• Find a TMNZ Premium Partner to walk you through your options