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Tax Administration Act 1994

Penalties - Civil penalties

140BB: Transitional imputation penalty tax payable in some circumstances

You could also call this:

"A special tax penalty that applied in some situations before 2010"

Illustration for Tax Administration Act 1994

You need to know about a rule called Transitional imputation penalty tax payable in some circumstances. This rule is part of the Tax Administration Act 1994. It was repealed on 1 October 2010 by the Taxation (Budget Measures) Act 2010, which you can find on the https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM2981081 legislation website.

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This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1191223.

Topics:
Money and consumer rights > Taxes
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140B: Imputation penalty tax payable where end of year debit balance, or

"Extra tax to pay if a company owes more income tax at the end of the year"

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140C: Transitional imputation penalty tax payable in some circumstances, or

"An old tax rule that's no longer used"

Part 9Penalties
Civil penalties

140BBTransitional imputation penalty tax payable in some circumstances (Repealed)

    Notes
    • Section 140BB: repealed, on , by section 43 of the Taxation (Budget Measures) Act 2010 (2010 No 27).