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Tax Administration Act 1994

Transfers of excess tax - Transfer rules

173O: Transfer of excess tax if no date specified by taxpayer

You could also call this:

"What happens to excess tax if you don't choose a date"

Illustration for Tax Administration Act 1994

You can ask for a transfer of excess tax. If you do not choose a date, the Commissioner will pick one. The Commissioner's chosen date might not be the one you want. You can still choose a date allowed by sections 173L and 173M later on.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM357977.

Topics:
Money and consumer rights > Taxes
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"Transferring extra tax money from a tax credit"

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173P: Transfer of excess provisional tax if provisional tax paid is more than taxpayer's provisional tax liability, determined before assessment, or

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Part 10BTransfers of excess tax
Transfer rules

173OTransfer of excess tax if no date specified by taxpayer

  1. If a taxpayer or their agent requests a transfer under this Part but does not choose the date on which the excess is transferred, the Commissioner may transfer the excess on a date on which the Commissioner considers appropriate.

  2. Even if the Commissioner transfers the excess on a date on which the Commissioner considers appropriate, the taxpayer or their agent may subsequently choose a date allowed by sections 173L and 173M, and request that the Commissioner transfer the excess on that date.

Notes
  • Section 173O: inserted, on , by section 91(1) of the Taxation (Relief, Refunds and Miscellaneous Provisions) Act 2002 (2002 No 32).