We're paying 2016 tax refunds now!
WooHoo! Payday for 2016 has arrived – and we're just as excited as you are!
IRD have begun releasing tax refunds for the 2016 tax year, which means we're now allowed to pay our clever customers their hard earned overpaid tax dollars.
If you've chosen WooHoo for your 2016 tax refund, keep an eye on your phone and inbox! We'll be in touch with either an email or a text message (or both!) to let you know your tax refund is on its way to your bank account, or that your cheque will be couriered to your doorstep really soon. WooHoo!
So what does this mean for New Zealand?
Estimates by us, shown in the table below, indicate that if all the employed people in these regions claimed the overpaid tax that may be owing to them, over $1 billion could be injected into the economy. This includes over $340 million into the Auckland region alone.
| Region | Number of employed people* | Possible regional tax refund total $** |
| Northland | 73,500 | 31,443,300 |
| Auckland region | 796,900 | 340,913,820 |
| Waikato | 221,400 | 94,714,920 |
| Bay of Plenty | 139,400 | 59,635,320 |
| Gisbourne/Hawke's Bay | 98,900 | 42,309,420 |
| Taranaki | 60,000 | 25,668,000 |
| Manawatu/Wanganui | 107,800 | 46,116,840 |
| Wellington region | 265,800 | 113,709,240 |
| Tasman/Nelson/Marl/West Coast | 90,800 | 38,844,240 |
| Canterbury | 330,100 | 141,216,780 |
| Otago | 121,600 | 52,020,480 |
| Southland | 54,600 | 23,357,880 |
| TOTAL | 2,360,800 | 1,009,950,240 |
*Source: StatsNZ, March 2014
**Unaudited calculation made by multiplying the number of people employed by 0.93 (the percentage of WooHoo customers who have overpaid their tax in the past five years) x $460 (the average refund received by WooHoo customers).
Don't lose it. WooHoo it!
Now that we can pay 2016 tax refunds, there’s never been a better time to get online and apply for your WooHoo tax refund. Choose not to lose – choose WooHoo, New Zealand’s only Consumer Trusted tax refund company!