Simply email our Client Services Team at support@tmnz.co.nz or phone 0800 828 888 and we will lapse it for you.
read moreNo, Tax Finance can only be used to defer income tax payments.
read moreIf you can’t pay your finance fee by the due date, your Tax Finance arrangement will be cancelled (lapsed). If you still need tax, you can pay for it through Flexitax®.
read moreYes, all you need to do is set up one of the related entities as the ‘parent’ and add the other taxpayers part of the same group. Once you have finalised your position for the year, simply create a transfer through your dashboard, allocating the tax to each entity according to the dates that they…
read moreIn most cases, you will be unable to pay what you owe through us as the voluntary disclosure would count as the initial assessment. We can only help with reassessed tax. However, if you are looking to settle income tax or RWT where the original return has not been filed, you can send a written…
read moreOnce we transfer your tax to IRD, it normally takes them three weeks from the date of transfer to process this payment. Please note that it might take a bit longer (up to six weeks) for payments made between March and June to be processed due to the high volume of transactions during this period.
read morePayments are made through online banking or by cheque. Simply follow the payments instructions on the email we send to you outlining your arrangement. A list of the bank accounts can be found below. Paying the Tax Finance fee Tax Management NZ Fee Account 03-0104-0820572-22 Reference: Client name and IRD number Paying Tax Finance principal…
read moreIRD may reject a payment for many reasons. The following checklist can help to determine if your transaction might be rejected: Did you have a notice of reassessment when you made your payment through TMNZ? When you made your payment through TMNZ, had it been more than 60 days since your notice of reassessment was…
read moreYes, just click edit on your arrangement to make changes to any of the details. You can even change the amount of tax you need and the tax dates you need tax at. Please note this will not change tax that has already been paid or sent to IRD. If you need to amend tax…
read moreWe transfer tax to IRD monthly, usually around the end of the month.
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