TMNZ Learning Lab. Dashboard Deepdive.

Tax pooling is an IRD-approved payment service which has been operating in New Zealand since 2003.

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.

This session will walk through all the key features of the TMNZ dashboard.