Plain language law

New Zealand law explained for everyone

 Plain Language Law homepage
Back to
OK 22: Further income tax paid when Maori authority no longer Maori authority
or “Tax payment when a Māori authority changes status”
You could also call this:

“Māori authorities can use additional tax credits to pay income or provisional tax”

If you are a Maori authority, you can choose to pay your income tax or provisional tax by using something called ‘further income tax’. This only works if you have a Maori authority credit account for the tax year when you owe the tax. When you pay the further income tax to the Commissioner, it counts as if you paid your income tax or provisional tax on that same day.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

Next up: OK 24: Income tax paid satisfying liability for further income tax

or “Income tax payment can cover a Maori authority's further income tax”
Next

Part O Memorandum accounts
Maori authority credit accounts (MACA)

OK 23Further income tax paid satisfying liability for income tax

  1. A Maori authority that is liable for income tax or provisional tax may choose to satisfy the liability through a payment of further income tax.

  2. The liability referred to in subsection (1) must be for an income year corresponding to a tax year in which the Maori authority maintains a Maori authority credit account.

  3. The income tax or provisional tax is treated as paid on the day the further income tax is paid to the Commissioner.

Compare