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


Take a picture, save money on tax

Take a picture, save money on tax

Taxpayers will be able to find out whether tax pooling can save them money simply by taking a photo of their tax statement on their smartphone.

It is one of three new features Tax Management NZ (TMNZ) believes will further improve the usability of its Pay My Tax app, says chief executive Chris Cunniffe.

The photo functionality lets taxpayers find out if tax pooling can help eliminate IRD late payment penalties and reduce use of money interest on their tax liabilities.

“Because tax is a complex subject and something most people tend to shy away from, we wanted to make getting help as easy as possible,” says Cunniffe.

“This functionality can take away the pain and that whole discomfort for someone looking at their statement and trying to figure it out.”

Taxpayers simply take a photo of their statement and enter their contact details within Pay My Tax.

Once they have sent the photo, someone from the TMNZ customer support team will review the document and get in touch with them.

While the functionality is primarily for those who pay provisional tax, and is not designed to determine whether taxpayers are owed a refund from the IRD, Cunniffe encourages anyone who has received any other tax-related correspondence to use the app to see if tax pooling can assist them.

“They can take a picture of any tax-related document and send it to us. If we can help them, we will.”

Push notifications – which will alert taxpayers about upcoming key tax dates and important updates – and a video tutorial on how to use the app are the other new features.

“The functionality we have created is driven around user needs,” says Cunniffe.

The latest release for Pay My Tax is available for download from the Google Play Store and iPhone App Store.

Pay My Tax allows taxpayers to defer provisional tax payments to a time that suits them – without incurring IRD interest or late payment penalties.

It also lets them reduce the cost on underpaid provisional tax.

TMNZ launched Pay My Tax last year.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Oceans: NOAA Declares Third Ever Global Coral Bleaching Event

As record ocean temperatures cause widespread coral bleaching across Hawaii, NOAA scientists confirm the same stressful conditions are expanding to the Caribbean and may last into the new year, prompting the declaration of the third global coral bleaching event ever on record. More>>

Scoop Business: A Decade Of Government Pre-Seed Investment

More publicly-funded science is being commercialised after a decade of government ‘pre-see’d investment, according to an independent review. More>>


Solid Energy: Plan To Shut Unprofitable Huntly East Mine

Solid Energy, the state-owned coal miner in voluntary administration, plans to shut down its unprofitable Huntly East mine and lay off 65 staff after deciding the site stands "no chance whatsoever" of finding a buyer. More>>


E Tū: Merger Creates NZ's Biggest Private Sector Union

E tū has been created by the merger of the Engineering, Printing and Manufacturing Union and Service and Food Workers’ Union. It represents more than 50,000 working New Zealanders in industries as diverse as aviation, construction, journalism, food manufacturing, mining and cleaning. More>>


Internet: NZ Govt Lifts Target Speeds For Rural Broadband

The government has lifted its expectations on faster broadband speeds for rural New Zealand as it targets increased spending on research and development in the country's information and communications technology sector, which it sees as a key driver for export growth. More>>


Banks: Westpac Keeps Core Government Transactions Contract

The local arm of Westpac Banking Corp has kept its contract with the New Zealand government to provide core transactions, but will have to share peripheral services with its rivals. More>>


Science Investment Plan: Universities Welcome Statement

Universities New Zealand has welcomed the National Statement of Science Investment released by the Government today... this is a critical document as it sets out the Government’s ten-year strategic direction that will guide future investment in New Zealand’s science system. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news