Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Tax refunds not so taxing after all

Tax refunds not so taxing after all.

Inland Revenue (IRD) will be releasing some of their 2014 financial year tax refunds very soon.

Those who have requested a tax refund will now be able to learn how much they are owed and if registered with a tax agent receive their tax refund once they are released.

The custom-built technology that tax refund agents NZ Tax Refunds operates allows them to process customers tax refunds in real time and quickly get refunds paid out faster than anyone else. In fact they have paid tax refunds the fastest 5 years running.

“From the time the IRD release the refunds, we can immediately pay out customer’s tax refunds,” says NZ Tax Refunds CEO Cilla Hegarty.

“We are extremely proud to be able to pay Kiwi’s their tax refunds faster than anyone else. In fact it is one of our headline goals every year. Considering the volume of payments it’s quite an astonishing feat,” said Mrs Hegarty.

“We know that there are many more New Zealanders who have overpaid their taxes who don’t realise how easy it is to get their hands on their own money. With 93% of NZ Tax Refunds customers discovering they have overpaid their tax in the last 5 years and the average kiwi having overpaid their tax by $400. Everyone should be checking,” said Mrs Hegarty.

NZ Tax Refunds believes if the entire population of Whanganui (43,000) claimed their refunds, over $17million* would be injected to their local economy. Woohoo Whanganui!

*Un audited calculation of multiplying the population of Whanganui (43,000 x the average Woohoo ($400) = $17,200,000.

- ENDS -

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Housing: Affordability Drops 14%, Driven By Auckland Prices

Housing affordability across New Zealand fell 14 percent in the year ending November 2014, with Auckland’s lack of affordability set to reach levels it hit during the height of the global financial crisis, according to the latest Massey University Home Affordability Report More>>

ALSO:

The Dry: Fonterra Drops Forecast Milk Volumes By 3.3 Percent

Fonterra Cooperative Group, the worlds largest dairy exporter, reduced its milk volume forecast for the 2014-2015 season by 3.3 per cent due to the impact of dry weather on production in recent weeks. More>>

ALSO:

Strike: Lyttelton Port Workers Vote To Escalate Dispute

Members of the Rail and Maritime Transport Union (RMTU) at Lyttelton Port today voted to escalate their industrial action. Around 200 RMTU members have been operating an overtime ban since 17 December and today they endorsed a series of full withdrawals of labour at the port. More>>

ALSO:

Scoop Business: NZ Dollar Falls To 3-Year Low As Investors Favour Greenback

The New Zealand dollar fell to its lowest in more than three years as investors sold euro and bought US dollars, weakening other currencies against the greenback. More>>

ALSO:

Scoop Business: NZ Govt Operating Deficit Smaller Than Expected

The New Zealand’s government’s operating deficit was smaller than expected in the first five months of the financial year as a clampdown on expenditure managed to offset a shortfall in the tax-take from last month’s forecast. More>>

ALSO:

0.8 Percent Annually:
NZ Inflation Falls Below RBNZ's Target

New Zealand's annual pace of inflation slowed to below the Reserve Bank's target band in the final three months of the year, giving governor Graeme Wheeler more room to keep the benchmark interest rate lower for longer.More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news