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Tax Administration Act 1994

Information, record-keeping, and returns - Returns - Research and development

69B: Annual Maori authority credit account return required by Maori authority

You could also call this:

"Maori authorities must give an annual return about their credit account to the Commissioner."

Illustration for Tax Administration Act 1994

You are a Maori authority. You must give the Commissioner an annual return. This return is about your Maori authority credit account. You need to give it to the Commissioner by the time allowed by section 37 for your tax year return. You have to show some information in the return. This includes the opening and closing balances of your credit account for the tax year. It also includes the amount and sources of all credits and debits for the tax year, as stated in sections OK 2 to OK 18 of the Income Tax Act 2007. You must also show the amount of any further income tax payable for the tax year under sections OK 21 and OK 22 of the Income Tax Act 2007. The return must include the amount of any Maori authority distribution penalty tax payable for the tax year. The Commissioner may ask for more information.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM351872.

Topics:
Money and consumer rights > TaxesMāori affairs > Māori land
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"Send a yearly report to the Commissioner about your imputation credit account"

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"When to give the Commissioner your annual ICA return"

Part 3Information, record-keeping, and returns
Returns: Research and development

69BAnnual Maori authority credit account return required by Maori authority

  1. A Maori authority must, no later than the time allowed by section 37 for furnishing a return of income for a tax year, furnish to the Commissioner an annual Maori authority credit account return in the prescribed form for the tax year.

  2. The annual Maori authority credit account return must show—

  3. the opening and closing balances of the Maori authority credit account for the tax year:
    1. the amount and sources of all credits and debits that have arisen during the tax year in accordance with sections OK 2 to OK 18 of the Income Tax Act 2007:
      1. the amount of any further income tax payable for the tax year under sections OK 21 and OK 22 of that Act:
        1. the amount of any Maori authority distribution penalty tax payable for the tax year:
          1. such further information as the Commissioner may prescribe or require.

            Notes
            • Section 69B: inserted, on (applying for 2004–05 and subsequent income years), by section 100(1) of the Taxation (Maori Organisations, Taxpayer Compliance and Miscellaneous Provisions) Act 2003 (2003 No 5).
            • Section 69B(1): amended, on (effective for 2008–09 income year and later income years, except when the context requires otherwise), by section ZA 2(1) of the Income Tax Act 2007 (2007 No 97).
            • Section 69B(1): amended, on (effective for 2005–06 tax year and later tax years, except when the context requires otherwise), by section YA 2 of the Income Tax Act 2004 (2004 No 35).
            • Section 69B(2)(a): amended, 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 69B(2)(b): amended, 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 69B(2)(c): amended, 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 69B(2)(d): amended, 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).