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Easing the overdue tax burden

Do you have tax to pay by February 7, 2012?

For many people, this is the due date for their 2011 income tax payment.

But if you have difficulty paying the amount, please contact us.

Christmas can place a strain on your finances!

Fortunately, we can help you manage your debt.

The most important thing to remember is to contact us early, preferably a week or two before February 7.

Please do not bury your head in the sand.

Late payments can attract interest and penalties.

In most cases, you will qualify for an instalment arrangement that allows you to repay your taxes over a period of time.

An arrangement can save you money.

You will not be charged any incremental (monthly) penalties if you keep to the terms of the arrangement.

Do you have tax that is already overdue? Do not worry; we can help you. Under the law, there are a number of options available.

Together we can develop a plan that will (as far as possible) take into account your individual circumstances.

Some people are reluctant to contact us if they feel their debt has gone out of hand. You do not have to battle on your own.

Irrespective of the size of the debt, we will do everything we can to help you get back on track.

If you have any concerns about overdue tax, please call us on 0800-377771.

The sooner you contact us, the sooner we can put your mind at rest.

Abdul Rafik is Inland Revenue’s Community Relationships Advisor based in Auckland. He is happy to answer readers’ queries, which should be sent to venkat@indiannewslink.co.nz

Free workshops

If you are in business, you may like to attend one of our free tax seminars or workshops held in various parts of the country.

Visit www.ird.govt.nz and enter the search term “Seminars.”

Read Student loan changes affect income earners in Education & Training Special.

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