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Income Tax Act 2007

Memorandum accounts - Maori authority credit accounts (MACA)

OK 23: Further income tax paid satisfying liability for income tax

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.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1519400.

Topics:
Money and consumer rights > Taxes
Māori affairs > Treaty of Waitangi
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OK 22: Further income tax paid when Maori authority no longer Maori authority, or

“Tax payment when a Māori authority changes status”

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OK 24: Income tax paid satisfying liability for further income tax, or

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

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.

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