For a person to act as an official tax pooling intermediary, they first must be approved by the IRD. The commissioner of the IRD must agree that the applicant meets the legislated criteria and is fit to operate a tax pool. Once the applicant is officially approved, they are given their own tax pooling account with the IRD.
Approved tax pooling intermediaries are legally required to protect the taxpayer’s payment details and personal information. This is a key rule stated within the legislation. This is why all payments to TMNZ go into trust accounts administered by Guardian Trust, New Zealand’s largest corporate trustee, which also oversees the TMNZ tax pool account at IRD.
TMNZ is the leading tax pooling intermediary in New Zealand and was the first ever tax pooling service approved by the IRD. TMNZ has set the standard for reliable, secure tax management, with the high-security systems in place to protect client’s funds. With innovative solutions and a dedicated team on deck, TMNZ is a top choice for business owners across the country. If you are interested in taking advantage of tax pooling, contact TMNZ today.