Benefits of Tax Pooling
-
Higher return on tax overpayments -
receive more than the 2.18% the IRD will pay
-
Lower cost
on tax underpayments - eliminate late payment penalties and pay an
interest rate lower than the 8.89% the IRD will
charge
-
Faster
refunds (2-3 working days). If you have overpaid
your provisional tax get a refund when you want rather than waiting
for the IRD to process your refund after you file your terminal tax
return.
With TPS there are no up front
registration or application fees. If you deposit into the TPS tax
pooling account and have no need to purchase or sell tax then
we transfer or refund out of the pool at no cost.
"With TPS, you never pay any more than you would have if
you didn't use tax pooling"