Pay in instalments

If your client wishes to spread their provisional tax payment over a longer period, you can use Tax Traders to set up a flexible instalment plan.

Only income tax can be settled in this manner for an initial assessment.
Your client has up to 75 days past their terminal tax date to pay the provisional or terminal tax they owe for a given tax year.
Instalment plans are available for other tax types if your client has received a notice of reassessment from Inland Revenue. See audits and voluntary disclosures for more information as specific criteria applies.

On each provisional tax date, Tax Traders pays tax into its Inland Revenue account. These payments are date-stamped when they are paid.

Tax will be applied by Tax Traders against your client’s liability at Inland Revenue whenever they make a payment towards their instalment plan.

This will continue to happen until your client’s arrangement with Tax Traders has been paid in full.

1
Choose the instalment arrangement which works best for your client.
2
Your client makes payments towards their tax to Tax Traders. We arrange for each payment to be transferred from our account at Inland Revenue to your client’s account and re-calculates the interest payable based on the remaining tax amount owed.
3
Once your client’s arrangement has been fully paid to Tax Traders, interest and late payment penalties showing on their Inland Revenue account will be removed.

Up to 22 months for your client to pay
Fully customisable payment options to suit your client’s cashflow or other business priorities
Reduces your client’s interest cost and eliminates late payment penalties
Payment amounts and frequency can easily be changed online, at any time.
World-class service