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Tax Administration Act 1994

Penalties - Civil penalties

142E: Due dates for payment of imputation penalty tax

You could also call this:

"When to pay imputation penalty tax by"

Illustration for Tax Administration Act 1994

You have to pay imputation penalty tax by 20 June after the end of the tax year. This is when you have an end of year debit balance that means you owe more income tax and imputation penalty tax. You need to pay this by the due date.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM356676.

Topics:
Money and consumer rights > Taxes
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Part 9Penalties
Civil penalties

142EDue dates for payment of imputation penalty tax

  1. Imputation penalty tax is due and payable on 20 June following the end of the tax year in which occurred the end of year debit balance giving rise to the liability for the further income tax and the imputation penalty tax.

  2. Repealed

  3. Repealed
Notes
  • Section 142E: inserted, on , by section 43 of the Tax Administration Amendment Act (No 2) 1996 (1996 No 56).
  • Section 142E heading: replaced (with effect on 30 June 2009), on (applying for all income years beginning on or after 1 July 2009), by section 686(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
  • Section 142E(1): 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  • Section 142E(2): repealed (with effect on 30 June 2009), on (applying for all income years beginning on or after 1 July 2009), by section 686(2) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
  • Section 142E(3): repealed, on (applying to the 1998–99 and subsequent income years), by section 98 of the Taxation (Remedial Provisions) Act 1997 (1997 No 74).