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Tax pooling

Tax pooling

Inland Revenue (IRD) charges a high rate of interest on late tax payments (currently 8.22%), and in some circumstances the complexity of the provisional tax regime makes interest charges hard to avoid. Add on late payment penalties, and the cost of meeting your tax obligations starts to feel punitive. Tax pooling was introduced in 2003 to address these concerns. Although it has been around a long time, the use of tax pooling services is not yet commonplace for all taxpayers, perhaps due to a la...
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