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Tax Administration Act 1994

Interest - General provisions

120I: No right to object to interest

You could also call this:

"You can't argue about paying interest on your tax debt."

Illustration for Tax Administration Act 1994

You cannot object to paying interest under this part of the law. You still have the right to object to paying tax if you think you do not owe it. This rule is part of the Tax Administration Act 1994, which was amended by the Tax Administration Amendment Act (No 2) 1996.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM355160.

Topics:
Money and consumer rights > Taxes
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120H: Setting and varying interest rates, or

"The Governor-General decides interest rates and how they change."

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120J: Purpose of specific provisions, or

"What these tax rules are for"

Part 7Interest
General provisions

120INo right to object to interest

  1. A taxpayer may not object to or challenge the imposition of interest payable under this Part.

  2. Subsection (1) does not limit a taxpayer's right to object to or challenge the taxpayer's liability to pay tax.

Notes
  • Section 120I: inserted, on , by section 36(1) of the Tax Administration Amendment Act (No 2) 1996 (1996 No 56).