Savvy Tax Agent has become a well known and loved brand across NZ thanks to our fabulous customers.
March 2019 legislation changes have changed the way Inland Revenue will process refunds. They will now automatically issue either a refund or a debt notice for the tax years 2019 onwards. Savvy Tax – mission accomplished!
Important changes regarding tax refund assessments
New government legislation means that you can expect to receive a notification from Inland Revenue at the end of the tax year. This will tell you how much you’ve earned and how much tax you’ve paid.
From May 2019, if you are due a tax refund, this will be paid into your bank account. If you have not paid enough tax, Inland Revenue will let you know and you won’t need to pay it until February the following year. Any queries you must contact IRD on 0800 775 247
What do you need to do now?
- All taxpayers need to log into or create a myIR account at Inland Revenue urgently. Please check your contact details and bank account details are correct. This is a critical step to ensuring your refund gets to you as quickly as it can.
- Any queries you must contact IRD on 0800 775 247
A huge thanks for the support and excitement you’ve shared with us over the last few years.
Your Team at Savvy Tax Agent