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Income Tax Act 2007

General collection rules - Withholding tax on resident passive income (RWT)

RE 24: When amount of tax treated as Maori authority credit

You could also call this:

“When Maori authorities deduct tax from distributions, it becomes a special credit”

When a Maori authority takes out some tax from a taxable Maori authority distribution, that amount is seen as a special credit. You can think of this credit as being attached to the distribution by the Maori authority. This is important for understanding how Maori authority credits work and are treated. The rules about this are explained in other parts of the law, like sections LO 1 to LO 4, OK 16, OK 19, and OK 20. These sections talk about how much the credits can be and what happens to them.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1520287.

Topics:
Money and consumer rights > Taxes
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Part R General collection rules
Withholding tax on resident passive income (RWT)

RE 24When amount of tax treated as Maori authority credit

  1. This section applies when a Maori authority withholds an amount of tax for a taxable Maori authority distribution.

  2. The amount is treated as a Maori authority credit attached to the distribution by the Maori authority for the purposes of sections LO 1 to LO 4, OK 16, OK 19, and OK 20 (which relate to the amount and treatment of Maori authority credits).

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