Part 2ATaxpayer's tax obligations
15BTaxpayer's tax obligations
A taxpayer must do the following:
- if required under a tax law, make an assessment:
- unless the taxpayer is a non-filing taxpayer, correctly determine the amount of tax payable by the taxpayer under the tax laws:
- deduct or withhold the correct amounts of tax from payments or receipts of the taxpayer when required to do so by the tax laws:
- pay tax on time:
- keep all necessary information (including books and records) and maintain all necessary accounts or balances required under the tax laws:
- disclose to the Commissioner in a timely and useful way all information (including books and records) that the tax laws require the taxpayer to disclose:
- to the extent required by the Inland Revenue Acts, co-operate with the Commissioner in a way that assists the exercise of the Commissioner's powers under the tax laws:
- comply with all the other obligations imposed on the taxpayer by the tax laws.
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Notes
- Section 15B: inserted, on , by section 6 of the Tax Administration Amendment Act (No 2) 1996 (1996 No 56).
- Section 15B(aa): inserted, on (applying to 2002–03 and subsequent income years), by section 190(1) of the Taxation (Taxpayer Assessment and Miscellaneous Provisions) Act 2001 (2001 No 85).
- Section 15B(a): amended, on (applying to 1999–2000 and subsequent income years), by section 45(1) of the Taxation (Beneficiary Income of Minors, Services-Related Payments and Remedial Matters) Act 2001 (2001 No 4).
- Section 15B(h): repealed, on , by section 8 of the Taxation (Annual Rates for 2018–19, Modernising Tax Administration, and Remedial Matters) Act 2019 (2019 No 5).
- Section 15B(i): repealed, on , by section 8 of the Taxation (Annual Rates for 2018–19, Modernising Tax Administration, and Remedial Matters) Act 2019 (2019 No 5).