AUTHORITY TO ACT ON YOUR BEHALF
TERMS & CONDITIONS OF ENGAGEMENT OF MY TAX BACK NZ LIMITED effective 07/03/2020
These terms & conditions of engagement (“Terms“) govern all use of the MYTAXBACK.CO.NZ website and the services My Tax Back NZ Limited provides. Use of this website and/or services provided by My Tax Back NZ Limited will be deemed to constitute acceptance of these Terms.
1. AUTHORITY TO OBTAIN INFORMATION FROM THE INLAND REVENUE
I give authority for My Tax Back NZ Limited or its staff to link my details with Inland Revenue to their agency client list and for My Tax Back NZ Limited to act as my tax agent for all purposes associated with the assessment, receipt and/or delivery of my tax refund(s). I will contact My Tax Back NZ Limited or the Inland Revenue to cancel this authority. In simple terms this means that I want My Tax Back NZ Limited to continue to act on my behalf and to claim my refunds until I ask them to stop. I acknowledge that this gives My Tax Back NZ Limited the authority to do all of following:
Link my Inland Revenue number to their client list.
Obtain information from Inland Revenue in regards to ALL tax types and all tax matters by a variety of methods, including but not limited to by telephone, internet, fax, mail, info express and all E services.
Obtain from any financial institution any relevant information that may affect the assessment of my refunds.
Sign and file any tax returns on my behalf regardless of whether the result is a tax refund or tax bill.
Undertake an assessment of my tax position and/or re-assess/check any IR issued assessment.
Receive my refunds into the My Tax Back NZ Ltd Trust account.
Confirm my IRD number or any other relevant details with the Inland Revenue
I understand that if I already have a tax agent I will be delinked from my previous tax agent’s client list. I acknowledge that I am solely responsible for ensuring that all information I provide or that is provided on my behalf to My Tax Back NZ Limited is complete and accurate and that My Tax Back NZ Limited does not undertake any audit or verification of such information. Submitting an application constitutes my electronic signature and agreement with all the terms and conditions of engagement.
My Tax Back NZ Limited reserves the right to delink me as a client at any time and for any reason. This clause is for the sole benefit of My Tax Back NZ Limited. I will not incur any further fees other than what has already been incurred up to that point in time if My Tax Back NZ Limited chooses to delink me as a client.
I authorise My Tax Back NZ Ltd to take whatever action is necessary, in their sole opinion, that is in my best interest in relation to my income tax affairs. This may include filing returns that do not result in a tax refund.
I have read and understood the fee structure and I agree to pay an amount equivalent to 11% of the assessed refund amount, with a minimum fee of $20 for the service provided by My Tax Back NZ Limited in assessing, checking, receiving and/or delivering my refunds or credits due for all/any tax types. All fees are subject to the additon of gst.
Fees are calculated based on My Tax Back NZ Limited’s assessed value of each refund. I acknowledge that the fees are incurred upon My Tax Back NZ Ltd undertaking an assessment of my information and tax position. For new clients this will be on the day that the application is submitted.
In addition to the standard 11% fee, one of the following charges may apply:
- IR3 preparation and filing fee $89. This may apply if Inland Revenue require an IR3 to be filed...usually if you have received untaxed/unreported income.
- Assessment of any Schedular payments and Witholding Tax or work related expenses if you have been employed as a contractor. $89 (same as IR3 preparation fee)
- Rental Income assessment and return preparation fee $199 per return.
- Driveshare (eg UBER) & Air BnB return preparation fee $149
- Brightline Test IR833 Return preparation - if you have sold a property subject to the Brightline Test - $149
If you are entitled to a refund, the fees will be deducted from the refund before any remaining balance is paid to you.
A $3 per refund for manual or electronic verification of the ID that is submitted with any application.
For any refund that is issued as a cheque, a $5 cheque processing fee will be deducted from each refund issued.
If any refund issued, for any tax type, is less than $23 the fee will be the equivalent to the value of the refund issued.
I authorise My Tax Back NZ Limited to deduct their processing fee immediately upon receipt of the refund into the MY TAX BACK NZ Ltd Trust account.
If a cheque is required to be cancelled for any reason, a $30 cheque cancellation fee will be deducted from any subsequent refund issued. My Tax Back NZ Limited shall not be liable or responsible for any cheque that is sent but not delivered ie lost in the mail.
I agree that I am liable to pay an administration cost of $99+gst, plus any collection costs and any fees incurred for debt collection should I owe My Tax Back NZ Limited for any overdue amounts.
3. RECEIPT AND PAYMENT OF TAX REFUNDS
I authorise My Tax Back NZ Limited to;
Receive any refund for any tax type on my behalf and for this to be deposited into the My Tax Back NZ Limited Trust Account.
Deduct from such refunds any applicable service fee or any other fees as set out above and I understand that this will solely be based on My Tax Back NZ Limited’s assessment.
Pay the net balance of the refunds to me, either by direct credit into my bank account, or by cheque as per the postal address supplied with the filing authorisation.
In the event that any portion of my refund is transferred to any tax type arrears I acknowledge that My Tax Back NZ Limited may withhold an amount equivalent to the value of their assessed service fee. In the event that any fees remain outstanding, I authorise My Tax Back NZ Limited to deduct such fees from any future refunds received by them on my behalf.
I understand that while My Tax Back NZ Limited aims to pay the tax refund in 5 working days from application date this time frame can be increased by delays at Inland Revenue for various reasons. I understand the 5 day time frame is not a guarantee and release My Tax Back NZ Limited from any liability for payment occurring outside of that time frame. Refunds for the most recently completed tax year which ends on 31st March will not be issued until late May at the earliest.
5. IDENTITY VERIFICATION
I agree that My Tax Back NZ Limited has permission to verify my identity by receiving photo ID, using address verification, and/or NZ Driver Licence verification with any third party provider upon receipt of my on-line application.
6. AUTHORITY TO BE CONTACTED BY EMAIL AND/OR TEXT MESSAGE (SMS) AND/OR PHONE
I hereby provide my consent for My Tax Back NZ Limited to contact me by email, TXT or phone in order to inform me of any information relating to my tax affairs, or for the purposes of promoting additional marketing initiatives. I understand that should I delink My Tax Back NZ Limited as my tax agent, I can contact them to unsubscribe from further correspondence at any time. I also authorise My Tax Back NZ limited to use any correspondence that I send to them in the testimonial section of the Mytaxback website.
7. MY OBLIGATIONS
7.1 I will notify My Tax Back NZ Limited if I decide to withdraw authority to access my IRD information or if any of my personal details change or if I received any untaxed income of any kind. I authorise My Tax Back NZ Limited to act as my tax agent for all future years until such time that I notify them to cancel this authorisation. I accept full responsibility for notifying My Tax Back NZ Limited if I receive any income from any source other than wages or salary or benefits. I understand that if any of my refunds, that are issued by the Inland Revenue, are not credited to the MY TAX BACK NZ Ltd Trust Account for any reason whatsoever, I agree to pay My Tax Back NZ Limited their fees within 7 days of receipt of their invoice.
7.2 I will pay any tax owing to the IRD on or before the due date. I do not hold My Tax Back NZ Ltd or it's staff liable for any tax bill that is issued as a result of the filing of any tax return and I understand that any assessment is based on the information that I alone have provided or that has been sourced from Inland Revenue.
8. DISCLAIMER AND LIMITATION OF LIABILITY
My Tax Back NZ Limited has not audited the information provided in the application and therefore neither we nor any of our employees accept any responsibility for the accuracy of the materials from which any Income Tax Assessments, returns or tax credit claims have been prepared. Further, the Income Tax Assessments, returns or tax credit claims have been prepared or checked at the request of, and for the purposes of the client only, and neither we nor any of our employees accept any responsibility on any ground whatever, including liability in negligence, to any other person.
I acknowledge that My Tax Back NZ Limited does not accept any responsibility or liability for the accuracy of the information (that I or IR have provided) from which the Tax Returns or tax assessments have been prepared. I agree that I am liable for any payment required by the IRD as a result of My Tax Back NZ Limited filing my tax return(s). I agree that nothing in these Terms creates evidence of any partnership, joint venture, employer/employee or fiduciary relationship with My Tax Back NZ Limited. No reliance should be placed on the operation of this website at any time and I acknowledge that My Tax Back NZ Limited has no obligation to provide or continue to provide access to this website.
10. AMENDMENT TO THESE TERMS
My Tax Back NZ Limited reserves the right to update our terms and conditions or fees from time to time on a minimum of 10 days' notice to you (via email and on our website).
If the changes notified do apply to you but you don't agree with them, you may cancel our services without penalty by notifying us before the new terms, conditions or fees are stated to come into effect.
You will be asked to agree to our current set of terms, conditions and fees before we begin to provide services to you. If we notify you (via email and on our website) that our terms, conditions and/or fees have changed and you do not cancel our services within 10 working days, you will be deemed to have accepted the updated terms, conditions and/or fees.
11. PRIVACY ACT 1993
Information My Tax Back NZ Limited obtains in the course of this engagement is subject to confidentiality requirements, in addition to obligations under the Privacy Act 1993. My Tax Back NZ Limited will not disclose that information to other parties without your express consent, except as required by law, to maintain your details with Inland Revenue, or to verify your identity with VEDA.