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Income Tax Act 2007

Timing and quantifying rules - Income equalisation schemes - Refunds: on application

EH 70: Application for refund by person or liquidator

You could also call this:

“How to request a refund from your thinning operations income equalisation account”

You or a liquidator can ask the Commissioner for a refund from your thinning operations income equalisation account. If you want to apply for a refund, you can do this under section EH 71 or EH 73. If a liquidator has been appointed for you, they can apply for a refund under section EH 75.

When you apply for a refund, you need to explain why you’re asking for it. This is called stating the grounds. You also need to tell the Commissioner how much money you want to be refunded.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1515018.

Topics:
Money and consumer rights > Taxes
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EH 71: Refund on application, or

“How to request a refund from your thinning operations income equalisation account”

Part E Timing and quantifying rules
Income equalisation schemes: Refunds: on application

EH 70Application for refund by person or liquidator

  1. The following may apply to the Commissioner for a refund of some or all of the amount in a person’s thinning operations income equalisation account:

  2. the person may apply under section EH 71 or EH 73:
    1. the liquidator appointed for the person may apply under section EH 75.

      1. An application for a refund must—

        1. state the grounds on which it is made; and
          1. state the amount applied for.

            Compare
            Notes
            • Section EH 70(2)(a): repealed, on , by section 23(1) of the Taxation (Transformation: First Phase Simplification and Other Measures) Act 2016 (2016 No 27).
            • Section EH 70 list of defined terms apply: inserted, on , by section 23(2) of the Taxation (Transformation: First Phase Simplification and Other Measures) Act 2016 (2016 No 27).