Square up smarter with Tax Traders

FY25 tax not quite right?

 

Discover how topping up underpaid tax with Tax Traders can reduce Inland Revenue interest and penalties. 

Square up smarter

Key information – what you need to know about paying with Tax Traders

  • We're Inland Revenue-approved and operate using the legislated tax pooling framework.
  • Flexible payment options are available, including single payments or instalment options, provided the transaction is completed within the legislative timeframe.
  • Public Trust holds and approves all payments and transactions with Tax Traders.
  • You have up to 75 days after your terminal tax date to settle your tax.
  • If you're linked to an accountant who has an extension of time to file your tax return, your terminal tax date will likely be 7 April 2026.

Legislative deadline approaching

Transactions with Tax Traders must be completed within legislated timeframes.

If your terminal tax date is 7 April 2026, you’ll have until 18 June 2026 to complete your transaction for the 2024-25 income year.

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How paying Tax Traders works

Tax Traders has tax available in its account at Inland Revenue across several tax periods. This tax has been paid by different taxpayers at different tax dates and their payments were date stamped at the time they were made.

 

Once these taxpayers have finalised their tax return and settled their residual income tax, they are able to earn a better interest return by selling any overpaid tax they have to a taxpayer who has underpaid.

 

You would be ‘buying’ this surplus tax and applying it against your own liability.

 

Topping up income tax shortfalls for the 2024-25 income year with Tax Traders is simple and fast.

And when Inland Revenue interest and late payment penalties apply, it delivers the best possible outcome by reducing your overall cost.

  • 1
    You pay the tax amount (plus Tax Traders’ interest cost) to us.
  • 2
    We arrange for the date‑stamped tax you require to be transferred from our tax pool account to your Inland Revenue account.
  • 3
    Once Inland Revenue processes the transfer, it treats the tax as if it were paid on the original due date – removing any interest and late payment penalties showing on your account.

Speak with your accountant about squaring up FY25 tax with Tax Traders

If you have any questions about Tax Traders, chat with your accountant – the chances are they already use us and can help you decide whether this option is right for you.

You can share the below PDF with them.

Download PDF

About Tax Traders

Tax Traders is New Zealand’s leading tax pooling provider.

We’re approved by Inland Revenue and operate under the legislated tax pooling framework, which has been in place for more than 20 years.

Since 2012, we’ve worked with thousands of accountants, advisers, businesses and individuals to make paying underpaid income tax more flexible and more affordable.

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