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Income Tax Act 2007

General collection rules - General withholding and payment obligations

RA 24: Application of other provisions for purposes of RSCT rules

You could also call this:

“How other tax rules apply to retirement scheme contributions”

When it comes to the rules for Retirement Scheme Contribution Tax (RSCT), you need to know that some other parts of the tax law also apply. These parts are sections 170(2), 171, and 172 of the Tax Administration Act 1994. However, there are a couple of changes to how you should understand these sections:

Firstly, when these sections talk about “an amount of tax withheld”, you should think of it as meaning RSCT instead.

Secondly, if these sections mention the “RWT rules” (which are about Resident Withholding Tax), you should understand this as referring to the RSCT rules instead.

These changes help make sure that the RSCT rules work properly by connecting them to other important parts of the tax system.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1630941.

Topics:
Money and consumer rights > Taxes
Money and consumer rights > Savings and retirement
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RA 23: Application of other provisions for purposes of ESCT rules and NRWT rules, or

“Other tax rules apply to employer super contributions and non-resident withholding”

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Part R General collection rules
General withholding and payment obligations

RA 24Application of other provisions for purposes of RSCT rules

  1. For the purposes of the RSCT rules, sections 170(2), 171, and 172 of the Tax Administration Act 1994, modified as necessary, apply as if—

  2. a reference to an amount of tax withheld were a reference to RSCT:
    1. a reference to the RWT rules were a reference to the RSCT rules.

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      Notes
      • Section RA 24: added, on , by section 526 of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).