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Income Tax Act 2007

Memorandum accounts - Maori authority credit accounts (MACA)

OK 3: MACA transfer of excess tax from other Maori authorities

You could also call this:

“Transferring excess tax between Māori authorities”

You can get a Maori authority credit when another Maori authority transfers excess tax to you. This can happen under section 173M of the Tax Administration Act 1994 or section RC 32(5)(b).

This credit is listed in a table called O17: Maori authority credits. It’s mentioned in rows 3, 3B, and 3C of that table.

The date you get this credit depends on when the transfer was requested. If the request was made in the same tax year as the transfer, or in the following year under certain conditions, the credit date is the day of the request. If these conditions aren’t met, the credit date is the day of the actual transfer.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1519345.

Topics:
Money and consumer rights > Taxes
Māori affairs > Treaty of Waitangi
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OK 2: MACA payment of tax or transfer to account, or

“How Māori authorities can get tax credits for paying or transferring tax”

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OK 4: MACA payment of further income tax, or

“Credit for Māori authorities when they pay extra income tax”

Part O Memorandum accounts
Maori authority credit accounts (MACA)

OK 3MACA transfer of excess tax from other Maori authorities

  1. A Maori authority has a Maori authority credit for a transfer of excess tax from another Maori authority under section 173M of the Tax Administration Act 1994 or section RC 32(5)(b) (Wholly-owned groups of companies).

  2. The Maori authority credit in subsection (1) is referred to in table O17: Maori authority credits, row 3 (transfer from another Maori authority under section 173M of the Tax Administration Act 1994 or section RC 32(5)(b)), row 3B (transfer from another Maori authority under section 173M of the Tax Administration Act 1994 or section RC 32(5)(b)), and row 3C (transfer from another Maori authority under section 173M of the Tax Administration Act 1994 or section RC 32(5)(b)).

  3. Repealed

  4. The credit date for a transfer of excess tax in a tax year (the transfer year) from another Maori authority under section 173M of the Tax Administration Act 1994 is—

  5. despite section 173L(2)(a) to (bb) of that Act, the date of the request for the transfer, if—
    1. the date of that request is in the transfer year; or
      1. the date of that request is in the tax year following the transfer year and, at the end of the transfer year, the credit in the MACA from which the amount is transferred equals or exceeds the amount of all transfers from that account requested in the tax year under section 173L or 173M of that Act or section RC 32(5)(b), and the MACA to which the transfer is made is in credit; or
      2. the date of the transfer under section 173M of that Act or section RC 32(5)(b), if the requirements of paragraph (a) are not met.

        Compare
        Notes
        • Section OK 3 heading: replaced, on , by section 142(1) of the Taxation (Annual Rates for 2021–22, GST, and Remedial Matters) Act 2022 (2022 No 10).
        • Section OK 3(1): replaced, on , by section 142(2) of the Taxation (Annual Rates for 2021–22, GST, and Remedial Matters) Act 2022 (2022 No 10).
        • Section OK 3(2): amended, on , by section 142(3) of the Taxation (Annual Rates for 2021–22, GST, and Remedial Matters) Act 2022 (2022 No 10).
        • Section OK 3(3): repealed, on , by section 142(4) of the Taxation (Annual Rates for 2021–22, GST, and Remedial Matters) Act 2022 (2022 No 10).
        • Section OK 3(4): inserted, on , by section 142(4) of the Taxation (Annual Rates for 2021–22, GST, and Remedial Matters) Act 2022 (2022 No 10).