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Tax Administration Act 1994

Information, record-keeping, and returns - Taxpayers’ obligations to keep records - Taxpayer's obligations to keep records

22AAC: Keeping of returns where information transmitted electronically

You could also call this:

"Keep your tax returns for 7 years if you send them online"

Illustration for Tax Administration Act 1994

You must keep your tax returns if you send them electronically. You can keep them as a signed hard copy or in an electronic form that meets the requirements of section 229 of the Contract and Commercial Law Act 2017. You must keep them for 7 years after the end of the income year or for a longer period if the Commissioner asks you to. You do not need to keep a return if the Commissioner says you do not have to. You also do not need to keep a return for a company that has been liquidated. You do not need to keep employment income information that you have already given to the Commissioner. You must keep your returns for the time period required, which is usually 7 years. If the Commissioner asks you to keep them for longer, you must do that. You can keep your returns in a hard copy or electronic form, as long as it meets the requirements.

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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=DLM350716.

Topics:
Money and consumer rights > Taxes
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Part 3Information, record-keeping, and returns
Taxpayers’ obligations to keep records: Taxpayer's obligations to keep records

22AACKeeping of returns where information transmitted electronically

  1. Where information contained in a taxpayer's return has been transmitted by electronic means in the prescribed electronic format in accordance with section 36, the taxpayer shall retain or cause to be retained—

  2. the return in the form of—
    1. a signed hard-copy transcript of the information transmitted:
      1. an electronic form meeting the requirements of section 229 of the Contract and Commercial Law Act 2017; and
      2. for a period of—
        1. 7 years after the end of the income year to which the return relates; or
          1. a greater period that the Commissioner requires under section 22 for other records of the taxpayer, if the Commissioner gives the taxpayer notice of a further retention period under section 22(5).

          2. This section does not require the retention of—

          3. a return for which the Commissioner has given notice that retention is not required; or
            1. a return of a company that has been liquidated; or
              1. employment income information that has been provided to the Commissioner.

                Compare
                • 1976 No 65 s 428A
                • 1994 No 76 s 74
                Notes
                • Section 22AAC (former section 23): renumbered, on , by section 17 of the Taxation (Annual Rates for 2018–19, Modernising Tax Administration, and Remedial Matters) Act 2019 (2019 No 5).
                • Section 22AAC(1): replaced, on , by section 172 of the Taxation (Annual Rates, Returns Filing, and Remedial Matters) Act 2012 (2012 No 88).
                • Section 22AAC(1)(a)(ii): amended, on , by section 347 of the Contract and Commercial Law Act 2017 (2017 No 5).
                • Section 22AAC(2): replaced, on , by section 274 of the Taxation (Annual Rates for 2017–18, Employment and Investment Income, and Remedial Matters) Act 2018 (2018 No 5).