Tax finance

How does Tax Finance work?

How does Tax Finance work? 150 150 Support

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…

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What do I do if I have a Tax Finance arrangement for the wrong tax?

What do I do if I have a Tax Finance arrangement for the wrong tax? 150 150 Support

Phone our Client Services Team on 0800 829 888 or email support@tmnz.co.nz and we will find the best option for you.

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I don’t need the full Tax Finance amount that I set up. Do I need to pay all the tax to TMNZ?

I don’t need the full Tax Finance amount that I set up. Do I need to pay all the tax to TMNZ? 150 150 Support

No, with Tax Finance you only pay for the tax you end up needing. Simply email our Client Services Team at support@tmnz.co.nz or phone 0800 829 888, notifying them of the amount you need and which arrangement this relates to. They will sort this out for you.

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Am I able to extend the length of my Tax Finance arrangement?

Am I able to extend the length of my Tax Finance arrangement? 150 150 Support

Yes, you can. You can extend the maturity date up to 75 days past your terminal tax date by paying us an additional interest component, which is based on the new date you wish to pay. To extend your Tax Finance arrangement, email our Client Services Team at support@tmnz.co.nz or phone 0800 829 888.

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Why would my Tax Finance be lapsed?

Why would my Tax Finance be lapsed? 150 150 Support

Your Tax Finance arrangement lapsed for a couple of reasons: The Tax Finance fee was not paid by the due date. The tax amount was not paid by the maturity date. The Tax Finance arrangement was requested to be lapsed. If you feel your Tax Finance arrangement was incorrectly lapsed, please let contact our Client…

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What do I do if I want to lapse my Tax Finance?

What do I do if I want to lapse my Tax Finance? 150 150 Support

Simply email our Client Services Team at support@tmnz.co.nz or phone 0800 828 888 and we will lapse it for you.

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What happens if I don’t pay the Tax Finance fee by the due date?

What happens if I don’t pay the Tax Finance fee by the due date? 150 150 Support

If 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®.

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How does Tax Finance differ from Flexitax®?

How does Tax Finance differ from Flexitax®? 150 150 Support

Flexitax® gives you the flexibility to chip away at the tax you owe by paying what you want, when you want, with our interest recalculated on the remaining tax owing each month. With Tax Finance, you can lock in a fixed rate because you are arranging to pay the full amount at an agreed upon…

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Can I use Tax Finance to defer my income tax payment for more than 75 days past my terminal tax date?

Can I use Tax Finance to defer my income tax payment for more than 75 days past my terminal tax date? 150 150 Support

No, tax pooling legislation prohibits us from going beyond this deadline.

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