Providing Accounting and Tax Solutions for your Business
1. | Taxpayers who do not meet their tax obligations may face penalty
or interest charges. To avoid such charges, you should pay the full
amount of tax you owe by the due date. |
2. | The main kinds of charges for failing to
meet tax obligations are:
|
3. | Taxpayers who have not been able to meet their tax
obligations by the due date have the option of purchasing
tax credits from Tax Management NZ. |
4. | The tax credits cannot be purchased for provisional taxes
if the taxpayer's tax obligations are more than 75 days past
its terminal tax date. |
For more information refer to the IRD's Taxpayer Obligations, Interest & Penalties booklet. |