NZ Tax - Correct amount when provisional tax unpaid & provisional date has passed
If a client fails to pay the first installment of provisional tax why is it then added to the next installment and then P1 shows as nothing due. This is incorrect, the amount due at P1 is still the same (per the IRD), the debt at P1 has not moved to P2. What happens for client's who have RIT over $60k?
41
votes
Petina Bullas
shared this idea
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Cindy Cover
commented
Can the tax summary be fixed so that it shows the prov tax amounts on the correct dates when a payment is missed or paid late or the due date is moved because of a public holiday
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Babs Bright
commented
currently inaccurate recording per IRD