Underpaid or missed Flexitax instalment Upon a missed or underpaid Flexitax instalment we automatically adjust the remaining payments so that your desired end date is unchanged. For example, if a Flexitax instalment arrangement has 5 payments of $1000 and the first one is missed, the 4 remaining will then become $1250. Underpaid or missed Finance…read more
With a Flexitax instalment, we calculate what we expect each instalment to be based on current interest rates. Should you underpay or overpay on a given instalment, or interest rates change, we’ll automatically calculate if a new instalment amount is required, without changing your final instalment date. Finance instalments are a fixed rate option where…read more
How long does it take for my transferred tax deposits to show up in my IRD account?
Your tax will be sent to IRD within three to five working days of when the transfer was organised. TMNZ will be in touch with you throughout the process. From here, IRD normally takes up to three weeks to process the transfer.read more
Flexitax® gives you greater flexibility over how you pay your provisional or terminal tax, while eliminating late payment penalties and reducing IRD interest costs by up to 30 percent. You can pay what you owe in one lump sum, at a date of your choice, or spread out payments via instalments.read more
Can I use tax I have deposited into the pool be used for other tax payments?
Yes, if you have deposited funds in our tax pool and need to make a payment to another tax type on or after that tax date, get in touch with us and we will assist in organising the transfer.read more
Flexitax® can be used to pay missed, underpaid or upcoming income tax payments for the current tax year or one just completed.read more
You have until 75 days past your terminal tax date to pay the income tax you owe using Flexitax®.read more
How long do I have to pay for my reassessed tax through TMNZ?
You have 60 days from the date the IRD notice of reassessment was issued in which to pay the additional tax through us.read more
Ahead of your provisional tax date, you pay us an upfront finance fee and we make a date-stamped tax deposit on your behalf into our tax pool account at IRD. The finance fee you pay is based on the amount of tax financed and the date in the future you wish to pay. At the…read more
Woops, I made a mistake when I added a taxpayer to my account. Can I edit their details?
Absolutely. Open the side menu bar and click on their name. Once on their dashboard, click ‘Taxpayer Details’, edit the relevant fields and click ‘Update Account’.read more