Pay tax later

Need to keep cash in your business? Tax Traders provides a way to defer provisional tax payments for up to 22 months – without facing Inland Revenue interest and late payment penalties.

 

 

 

TT2-05-Meeting-1647

Key information

  • Approved by Inland Revenue
  • Low interest cost – rates start from 5.19%
  • Up to 22 months to pay
  • Acceptance is guaranteed
  • No security required

How it works

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 liability at Inland Revenue once you settle your arrangement in full.
  • 1
    You pay Tax Traders the interest amount ahead of your upcoming provisional tax date. The interest amount is based on the tax amount you need and the date in the future you would like to pay.
  • 2
    You then pay Tax Traders your tax at the agreed future date. Tax Traders arranges for the date-stamped tax amount to be transferred from our Inland Revenue account to your Inland Revenue account.
  • 3
    Inland Revenue recognises that you paid on time once it processes this transfer, removing interest and late payment penalties showing on your account.

Proven, approved and built to help businesses flourish

Tax Traders operates within Inland Revenue’s approved tax pooling framework – a system that’s been supporting Kiwi businesses for more than two decades. Since 2012, we’ve helped thousands of accountants and their clients align their provisional tax payments to their business cash flow by providing flexible, cost-effective solutions designed to help businesses thrive.

Krystle Brough and Tom Pritchard (Client Directors)

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  • Approved by Inland Revenue

  • Public Trust holds and approves all payments and transactions

  • Money back guarantee if Inland Revenue declines your request

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