Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

Taxation of certain entities - Agents

HD 4: Treatment of principals

You could also call this:

“Your tax responsibilities when using an agent”

You need to know that even if someone is acting as your agent for tax purposes, you are still responsible for your own tax obligations. This means that having an agent doesn’t remove your responsibility to pay taxes or follow tax rules.

If you and your agent want to, you can ask the Commissioner if it’s okay for you to handle the tax duties yourself instead of your agent doing them. The Commissioner needs to agree to this change.

These duties include things like keeping records, filing tax returns, and paying taxes on time. Remember, whether you or your agent does these tasks, you’re still ultimately responsible for making sure they get done correctly.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1517386.

Topics:
Money and consumer rights > Taxes
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HD 3: Agents’ duties and liabilities, or

“Responsibilities and obligations of agents acting for others in tax matters”

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HD 5: Matters between principals and agents, or

“How agents can pay and collect tax on behalf of principals”

Part H Taxation of certain entities
Agents

HD 4Treatment of principals

  1. Despite section HD 3,—

  2. a principal remains liable for their tax obligations, and is not released from them merely through the existence of the agency; and
    1. if the Commissioner agrees, the principal and the agent may decide that the principal is to undertake the duties set out in section HD 3(2).

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