Set Up a Payment Plan to tackle GST Debt
Paying tax in one lump sum isn’t always easy. Instead you can set up an instalment arrangement to spread your bill over smaller weekly or fortnightly repayments. There is no fee to set this up, and you won’t be charged penalties and interest. You can set up an instalment arrangement in myIR under the Payment section.
Simply head to myIR, click on ‘I want to…’ then ‘Payments’.
Before you start, you’ll need to know:
- how much you can afford to pay towards reducing your debt
- whether you’ll be paying by direct debit or another payment method
- when you want your instalment payments to start.
Source: MBIE & IRD: Set up a payment plan
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