Paying with TMNZ

Can I make changes to my Flexitax® arrangement if I made an error?

Can I make changes to my Flexitax® arrangement if I made an error? 150 150 Support

Yes, 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…

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How do I know what balance is left on my Flexitax® arrangement if paying via instalments? Do you send me updates?

How do I know what balance is left on my Flexitax® arrangement if paying via instalments? Do you send me updates? 150 150 Support

You can see the amount you have left to pay on your Flexitax® arrangement through your dashboard. We also send monthly statements notifying you of the remaining balance.

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How can I get my deposited tax refunded if I need the funds?

How can I get my deposited tax refunded if I need the funds? 150 150 Support

If you need your funds back, TMNZ can refund your deposited tax at IRD rates within three to five working days. Simply get in touch with our Client Services Team on 0800 829 888 or email them at support@tmnz.co.nz. Before refunding tax, always consider your imputation credit (IC) position at year end prior to refund…

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What is Tax Finance?

What is Tax Finance? 150 150 Support

Tax Finance lets you put in place an arrangement to defer an income tax payment to a time in the future that suits you, without having to worry about IRD interest and late payment penalties. It is another way to manage cashflow or a low-cost way to free up working capital.

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Is the service TMNZ provides legal?

Is the service TMNZ provides legal? 150 150 Support

Yes, we are a registered tax pooling intermediary with IRD and operate under legislation set out in the Income Tax Act 2007 and Tax Administration Act 1994.

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I have a Flexitax® arrangement for more than one instalment of provisional tax. How are my payments applied?

I have a Flexitax® arrangement for more than one instalment of provisional tax. How are my payments applied? 150 150 Support

Payments made via Flexitax® are applied to the oldest tax date first. For instance, if you had an arrangement in place for 28 August 2016 and 15 January 2017, all Flexitax® payments would be applied to 28 August 2016 until the liability at that date has been cleared. Any payments after that would then go…

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How much more time do I receive if I pay tax through TMNZ?

How much more time do I receive if I pay tax through TMNZ? 150 150 Support

We give you an extra 75 days past your terminal tax date to pay provisional or terminal tax payments for the current year or one just completed. If you have received a notice of reassessment from IRD, you have an extra 60 days from the date this correspondence was issued to pay the additional tax…

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I made a deposit into the TMNZ tax pool. When do imputation credits arise?

I made a deposit into the TMNZ tax pool. When do imputation credits arise? 150 150 Support

Where income tax is deposited into the TMNZ tax pool, imputation credits will arise in the imputation credit account on the date of the deposit (section OB 5 of the Income Tax Act 2007).

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I have a Flexitax arrangement for more than one instalment of provisional tax. How are my payments applied?

I have a Flexitax arrangement for more than one instalment of provisional tax. How are my payments applied? 150 150 Support

Payments made via Flexitax are applied to the oldest tax date first. For instance, if you had an arrangement in place for 28 August 2016 and 15 January 2017, all Flexitax® payments would be applied to 28 August 2016 until the liability at that date has been cleared. Any payments after that would then go…

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I made a deposit into the TMNZ tax pool. When do imputation credits arise?

I made a deposit into the TMNZ tax pool. When do imputation credits arise? 150 150 Support

Where income tax is deposited into the TMNZ tax pool, imputation credits will arise in the imputation credit account on the date of the deposit (section OB 5 of the Income Tax Act 2007).

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