What happens if I can't pay my tax on time?

General information from Lawmateanz

If you can't pay tax on time in New Zealand, contact Inland Revenue as soon as possible, ideally before the due date. Penalties and interest can apply to late payments.

Inland Revenue can agree to an instalment arrangement, letting you pay over time. Penalties may be reduced if you arrange this early.

In cases of serious hardship, Inland Revenue can sometimes write off some tax debt.

Keep filing returns on time even if you can't pay. A tax adviser or accountant can help negotiate an arrangement.

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