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Income Tax Act 2007

General collection rules - Terminating provisions

RZ 5D: Standard method or GST method: transition for Maori authorities

You could also call this:

“Temporary provisional tax calculation rules for Maori authorities in 2011-12 and 2012-13”

This section explains how Maori authorities should calculate their provisional tax for the 2011-12 and 2012-13 income years. During this time, the rules that usually apply to new companies will also apply to Maori authorities, but with some changes.

When you’re figuring out how much provisional tax to pay, you’ll use the same rules as new companies. However, there are a few differences:

Instead of using 100% of last year’s tax to work out your payments, you’ll use 95%.

When looking at your tax from two years ago, you won’t increase it by 5%. You’ll just use the exact amount from two years ago.

If you’re using the GST ratio method to calculate your provisional tax, you’ll multiply your taxable supplies by 0.9 instead of 0.95.

These special rules are only for Maori authorities and only for those two specific years. They’re designed to help make the change to the new tax rules easier for you.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM3547100.

Topics:
Money and consumer rights > Taxes
Māori affairs > Treaty of Waitangi
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Part R General collection rules
Terminating provisions

RZ 5DStandard method or GST method: transition for Maori authorities

  1. This section applies when the provisional tax liability of a Maori authority is calculated for the 2011–12 and 2012–13 income years (the transitional period).

  2. Sections RZ 3 to RZ 5 apply for the transitional period to the Maori authority and the Maori authority's provisional tax liability as if—

  3. the Maori authority were a new company tax rate person:
    1. in section RZ 3,—
      1. in subsection (2)(b)(ii), 100% had been replaced by 95%:
        1. in subsection (3)(b)(ii), 105% had been replaced by 100%:
          1. in subsection (3)(c)(ii), 105% had been replaced by 100%:
          2. in section RZ 4,—
            1. in subsection (2)(d), 0.95 had been replaced by 0.9 in each place where it appears:
              1. in subsection (2)(e), 0.95 had been replaced by 0.9 in each place where it appears:
              2. in section RZ 5,—
                1. in subsection (2)(b)(ii), a reference to no uplift had been replaced by a reference to a 5% reduction:
                  1. in subsection (3)(b)(ii), a reference to a 5% uplift had been replaced by a reference to no uplift:
                    1. in subsection (3)(c)(ii), a reference to a 5% uplift had been replaced by a reference to no uplift.

                    Notes
                    • Section RZ 5D: inserted (with effect on 1 October 2010), on , by section 131 of the Taxation (GST and Remedial Matters) Act 2010 (2010 No 130).
                    • Section RZ 5D list of defined terms provisional tax liability: repealed, on , by section 131 of the Taxation (Annual Rates, Foreign Superannuation, and Remedial Matters) Act 2014 (2014 No 4).