About this Guide…
Difficult to get right, expensive to get wrong.
The cause of many headaches for New Zealand business owners.
Yes, we are talking about provisional tax.
If you are new to business or are about to start paying provisional tax for the first time, the whole process can be complicated, confusing and scary.
Why do I have to pay it? When do I have to pay it? How much do I have to pay? What happens if I don’t or can’t pay? These are just a few of the questions that will run through your mind like Usain Bolt, not to mention cause a few restless nights.
That’s why Tax Management NZ (TMNZ), as a payment intermediary and the experts on provisional tax, decided to put together this introductory guide.
Now, this is not intended to be a one-stop-shop, and we encourage you to seek the advice of an accountant if you have any further questions after digesting the content of this publication.
But over the next few pages our aim is to arm you with the information you need to know so you are aware of your obligations and do not fall foul of IRD.
Improving your basic knowledge of provisional tax means you have one less thing to worry about. And one less thing to worry about means you can get on with doing what you do best: running and growing your business.
Tax Management NZ