Tax pooling is the framework Inland Revenue established to help reduce concern and costs from exposure to the use-of-money interest (UOMI) in calculating provisional tax, end-of-year tax, and from reassessments of income tax. Tax Pooling Solutions (TPS) can save you use of money interest (UOMI) charged by Inland Revenue on underpayments of provisional tax and increase returns on overpayments of provisional tax. Tax pooling assist businesses with variable cash flow, or get access to additional funding arrangements, Tax Pooling Solutions (TPS) can also finance your provisional tax payments at very competitive rates with no security or guarantees required.
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Keywords: financial services