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Tax Administration Act 1994

Information, record-keeping, and returns - Tax codes and tax rates for certain payments - PAYE tax codes

24I: Notification requirements

You could also call this:

"Telling others about your tax details"

Illustration for Tax Administration Act 1994

You must tell the person paying you about your name and tax file number. You have to do this in a form that the Commissioner says is okay. You also have to tell the payer what tax rate applies to your payment if you choose a rate as described in section 24F(3), or if you use a rate set by the Commissioner under section 24F(4), or if you use a special rate of tax referred to in section 24G. You need to give the payer this information so they can sort out your tax correctly.

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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=DLM1252635.

Topics:
Money and consumer rights > Taxes
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Part 3Information, record-keeping, and returns
Tax codes and tax rates for certain payments: PAYE tax codes

24INotification requirements

  1. A payee, other than a non-resident entertainer, must notify the payer of their name and tax file number. The notification must be in a form authorised by the Commissioner.

  2. The payee must also notify the payer of the rate of tax applying to the payment if—

  3. they choose the rate of tax as described in section 24F(3):
    1. they are using a rate of tax set by the Commissioner under section 24F(4):
      1. they are using a special rate of tax referred to in section 24G.

        Notes
        • Section 24I: replaced, on , by section 279 of the Taxation (Annual Rates for 2017–18, Employment and Investment Income, and Remedial Matters) Act 2018 (2018 No 5).
        • Section 24I(1) heading: inserted, on , by section 18 of the Taxation (Annual Rates for 2018–19, Modernising Tax Administration, and Remedial Matters) Act 2019 (2019 No 5).
        • Section 24I(2) heading: inserted, on , by section 18 of the Taxation (Annual Rates for 2018–19, Modernising Tax Administration, and Remedial Matters) Act 2019 (2019 No 5).