Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

Core provisions - Other obligations

BF 1: Other obligations

You could also call this:

“Paying specific taxes under different parts of the law”

You need to pay certain types of income or ancillary tax under specific parts of the law. These include:

Qualifying company election tax, which you can find in Part H of the law. This part deals with how certain entities are taxed.

Income tax on taxable distributions from non-complying trusts, which is also covered in Part H.

Further income tax, which is explained in Part O of the law. This part talks about memorandum accounts.

If you’re selling residential land and meet certain conditions described in section RL 2, you might need to pay Residential Land Withholding Tax (RLWT). You can find more information about this in subpart RL of the law.

Remember, these are important legal obligations that you must follow. If you’re unsure about any of these taxes, it’s a good idea to ask for help from a grown-up or a tax expert.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1512379.

Topics:
Money and consumer rights > Taxes
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BE 1: Withholding liabilities, or

“Rules for deducting tax from different types of income and benefits”

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“Rules to prevent people from using special arrangements to avoid paying taxes”

Part B Core provisions
Other obligations

BF 1Other obligations

  1. A person must pay the following types of income or ancillary tax under the relevant Part:

  2. qualifying company election tax under Part H (Taxation of certain entities):
    1. income tax on taxable distributions from non-complying trusts under Part H:
      1. further income tax under Part O (Memorandum accounts):
        1. RLWT under subpart RL (Residential land withholding tax), if the person is described in section RL 2 (Vendors: who must pay, and how?).

            Compare
            Notes
            • Section BF 1(d): replaced, on , by section 39(1) of the Taxation (Residential Land Withholding Tax, GST on Online Services, and Student Loans) Act 2016 (2016 No 21).
            • Section BF 1(e): repealed, on , by section 4 of the Taxation (Transformation: First Phase Simplification and Other Measures) Act 2016 (2016 No 27).
            • Section BF 1 list of defined terms further FDP: repealed (with effect on 30 June 2009), on , by section 6(2) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
            • Section BF 1 list of defined terms RLWT: inserted, on , by section 39(2) of the Taxation (Residential Land Withholding Tax, GST on Online Services, and Student Loans) Act 2016 (2016 No 21).
            • Section BF 1 list of defined terms withdrawal tax: repealed, on (with effect on 2 June 2016), by section 5 of the Taxation (Annual Rates for 2017–18, Employment and Investment Income, and Remedial Matters) Act 2018 (2018 No 5).