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TMNZ Learning Lab. Advanced Tax Pooling.
By Tax Management NZ
Date and time
Tue, 11 Feb 2020 11:30 AM - 12:15 PM NZDT
Location
Manaia Boardroom - BNZ Partners Whangarei
57 Bank Street Whangarei 0110 New ZealandDescription
Tax pooling is an IRD-approved payment service which has been operating in New Zealand since 2003.
This session will walk through advanced tax pooling features and benefits for your clients.
It addresses one of the major problems of the provisional tax system – that is, IRD expects tax pre-payments to be made based on methods and dates it sets. Tax pooling allows taxpayers to pay income tax at a time and in a manner that suits them, at an interest cost that is around 30 percent cheaper than what IRD charges on underpaid/ unpaid tax and without having to worry about late payment penalties.