Tax pooling

Tax pooling groups provisional tax payments by several taxpayers into the account of a registered intermediary. Provisional tax underpayments by members of the pool can then be offset by amounts in this pooling account.

If a taxpayer underpays provisional tax, we may charge use-of-money interest (UOMI). If a taxpayer pays too much provisional tax, they may receive a UOMI credit. Tax pooling allows taxpayer to pool provisional tax payments, allowing offsetting of underpayments within the same pool, reducing the amount of UOMI charged.

Contact a tax pooling intermediary if you want to be a part of a tax pool.

Pages in this section

How tax pooling works
Types of payments that can be used in tax pooling and how tax pooling interest works.
Timing of tax pooling transfers
The timing of a transfer between a tax pooling account and a taxpayer’s account depends on many different factors. This means we cannot easily identify our customers that use tax pooling.
Using tax pooling funds
How tax pooling funds can be used.
Tax pooling intermediaries
A list of intermediaries that are registered for tax pooling services.
Tax pooling intermediary application Where to apply to become a tax pooling intermediary.

Te whakarōpū tāke Tax pooling

Topics

Tax pooling