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WHAT WE DO
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We finance provisional tax payments (“Tax Finance”) and provide top-ups for provisional tax underpayments (“Tax Purchase”). We also collect tax payments (“Tax Deposits”) from large taxpayers.
Provisional Tax Finance Ltd is a Provisional Tax intermediary authorised by the IRD and its Tax Pool account with the IRD is administered by Perpetual Trust, New Zealands’ oldest Trustee company.
Tax Finance-Finance Your Provisional Tax
Finance your provisional tax for up to 20 months. Competitive rates, no fees, no security required, and no complicated application forms. Get a quote or apply on line. Great for businesses with seasonal cash flows or tight working capital.
Provisional Tax dates are inflexible and don’t always take into account the cash flow cycles of your business. Having to make tax payments can cause financial pressure when money could be better invested in things like stock or other productive assets.
Provisional Tax Finance Ltd provides an alternative way to finance your provisional tax payments. In most cases, our finance charges will be competitive with your overdraft rate.
* As well as being cost effective, our finance facility complements your existing banking or financial arrangements.
* We require no financial information, no complicated application forms and no personal guarantees or security, so your other methods of finance such as a bank overdraft remain available to support your business.
* Most applications will be completed on the day your application is received
Our finance facilities re-circuit your tax payments to dates that better suit you.
So if you want to;
* Finance your provisional tax payments,
* Free up working capital,
* Lower your cost of funds,
* Lower your IRD Use of Money Interest costs,
* Keep your overdraft for things that really matter,
Then Provisional Tax Finance has what you need. See How it Works for more information, or go to the Finance Calculator to get an instant quote.
Tax Purchase: Top-up an Historical Tax Underpayment
Didn’t pay enough provisional tax in the past? Top-up an historic provisional tax underpayment with a Tax Purchase. Reduce your IRD Use of Money Interest costs and late payment penalties (if applicable). See our tax purchase calculator.
Tax Deposit: Maximise Returns on Overpaid Tax
If your tax payments are substantial, you may want to consider making your payments through PTF’s tax pool. If you ultimately overpay your tax, PTF will endeavour to sell the surplus to another taxpayer. This allows you the potential to receive a better return on your money than the Use of Money Interest rate paid by the Inland Revenue for excess tax.
All bank accounts and dealings with the IRD in respect of the Tax Pool are independently managed by Perpetual Trust to safeguard your interests.
To become a tax depositor, you will need to expect to make tax payments of at least $500,000 per year and sign a Tax Deposit agreement.
Download Sample Tax Deposit Agreement
There is no fee to become a Tax Depositor.
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