Provisional Tax: What is it?

Provisional Tax: What is it?

With another Year End fast approaching, our thoughts inevitably turn to Tax. No one loves the dreaded T word, but Tax isn’t a bad thing. Owing Tax means your business has made a healthy profit, and that’s something to celebrate!

Whilst we all love to hate the Tax man, it is a necessary evil for all of us, and IRD have a number of ways to make paying tax a little less painful. The first one being Provisional Tax.