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Tax Administration Act 1994

Information, record-keeping, and returns - Returns - Fringe benefits

47: ESCT statements provided by employers and others

You could also call this:

"Telling the tax department about employer superannuation payments"

Illustration for Tax Administration Act 1994

When you are an employer, or a person, or a PAYE intermediary, and you withhold an amount of ESCT from an employer's superannuation cash contribution, this section applies to you. You must give your employment income information to the Commissioner by the dates set out in sections 23E to 23H, 23J, and 23K. You need to show the amount of the employer’s superannuation cash contribution, the amount of ESCT relating to the contribution, and any other details the Commissioner requires.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM351529.

Topics:
Money and consumer rights > Taxes
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46E: FBT returns: information for calculations, or

"Information you must give when asking for a custom Fringe Benefit Tax calculation"

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47B: RSCT statements provided by retirement scheme contributor or retirement savings scheme, or

"Retirement schemes must tell the Commissioner how much they withheld from your contributions"

Part 3Information, record-keeping, and returns
Returns: Fringe benefits

47ESCT statements provided by employers and others

  1. This section applies when an employer, person, or PAYE intermediary withholds in a period an amount of ESCT from an employer's superannuation cash contribution.

  2. The employer, person, or PAYE intermediary must deliver their employment income information to the Commissioner by the relevant dates set out in sections 23E to 23H, 23J, and 23K showing the amount of the employer’s superannuation cash contribution, the amount of ESCT relating to the contribution, and any other particulars required by the Commissioner.

Notes
  • Section 47: replaced, on (effective for 2008–09 income year and later income years, unless the context requires otherwise), by section ZA 2 of the Income Tax Act 2007 (2007 No 97).
  • Section 47 heading: amended (with effect on 1 April 2008), on , by section 186(1) of the Taxation (Annual Rates, Returns Filing, and Remedial Matters) Act 2012 (2012 No 88).
  • Section 47(1): amended (with effect on 1 April 2008), on , by section 186(2) of the Taxation (Annual Rates, Returns Filing, and Remedial Matters) Act 2012 (2012 No 88).
  • Section 47(2): replaced, on , by section 315 of the Taxation (Annual Rates for 2017–18, Employment and Investment Income, and Remedial Matters) Act 2018 (2018 No 5).
  • Section 47(2): amended, on , by section 43 of the Taxation (Annual Rates for 2018–19, Modernising Tax Administration, and Remedial Matters) Act 2019 (2019 No 5).