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Reminder- Outstanding Tax Return Filing
Making Payments to IRD
Managing Financial Difficulty and Debt
The Office will be closed from Friday 27/11/2015- reopen Monday 14/12/2015.
REMINDER- OUTSTANDING TAX RETURN FILING
IRD audit businesses to check if people are paying the correct amount of tax. The audit can cover income tax, GST and Employer Returns. After an audit you may be entitled to a refund or have tax to pay.
The different types of audits IRD do, how IRD select you for an audit and what it will involve.
Your rights (what you can expect from IRD) and what IRD require from you during an audit.
After the audit IRD willl send you notices of Assessment and Statements showing if there is a refund or if there is tax to pay, and when it is due. The Assessment will be issued after an agreed adjustment or Notice of Proposed Adjustment (NOPA) has been worked out.
You can pay your Tax, Child Support or KiwiSaver contributions electronically or by post.
You can pay electronically by credit or debit card, internet banking, automatic payment or direct credit.
Find out how to make payments to IRD by post both from here and overseas.
You can check that payments have been credited to your account online or through IRD's self-service line.
You can pay IRD while you're overseas using a credit or debit card, telegraph transfer, foreign bank draft, personal foreign cheque, foreign postal order or money order.
You can pay your Child Support payments by credit or debit card, automatic deductions from your benefit, online payments, automatic payments or by posting a cheque.
If you think youíll have difficulty meeting any of your tax obligations, contact IRD to discuss your situation. Penalties may apply if you donít pay on time.
If an Income Tax Return is due for filing and you have not yet done so, IRD will estimate the amount of tax they think you owe. This is called a "Default Assessment". You may also be charged a late filing penalty. It is important that you file the overdue Return so that your correct tax position can be confirmed. You may even be entitled to a refund.
If you have an amount due or already overdue and need more time to pay, then you may be able to negotiate an instalment arrangement. You can do this online. If you're unable to pay anything towards the amount due then contact IRD as soon as possible. You don't have to wait until the due date for payment has passed.
Find out what your options are if youíre having difficulty making repayments.
The best way to avoid debt is to pay the full amount you owe, on time, every month. But if you get behind in your payments or think you are going to have trouble paying on time, contact IRD.
If you know that you will not be able to pay your tax on time or if you currently have an amount outstanding, there are a number of options available to you. Also learn about the penalties and interest that may apply for failing to meet tax obligations.
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