Eligibility criteria
- The debt must relate to the 2022–23 and/or 2023–24 income years and must be provisional tax (excluding AIM), terminal tax or associated interest.
- All income tax and GST returns, and employment income information must be filed.
- There must be no overdue GST or employment‑related tax.
- You must not be bankrupt or liquidated, not be subject to Inland Revenue legal recovery proceedings for unpaid tax, and not be presumed unable to pay your debts in the previous 12 months.
- In limited circumstances, Inland Revenue may waive some of these criteria where the Commissioner has accepted a request for financial relief.
About Tax Traders
Tax Traders is an Inland Revenue‑approved tax pooling provider. We help taxpayers manage provisional and terminal tax by reducing exposure to Inland Revenue interest and late payment penalties, while ensuring tax is paid in accordance with New Zealand tax law.
Tax pooling is a legislated framework that allows taxpayers to effectively backdate tax payments through the tax pool. This can be particularly useful where tax has been paid late, paid on the wrong date or where historic income tax liabilities have arisen.
Tax pooling has been operating in New Zealand for more than two decades.
Inland Revenue's debt‑recovery pilot programme expands how tax pooling can be used for eligible taxpayers with historic income tax debt, providing a clear, legislated pathway to address older tax periods.
