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Tax Administration Act 1994

Remission, relief, and refunds

181D: Remission of late payment penalties and interest incurred due to obligation by Maori authority to pay further income tax

You could also call this:

"Help for Maori authorities with late tax payment penalties"

Illustration for Tax Administration Act 1994

You pay interest or late payment penalties if you do not pay your income tax on time. If you are a Maori authority, the Commissioner might remit these penalties. This happens when the amount of further income tax you owe is equal to or less than the amount of unpaid income tax, as stated in sections OK 23 and 24 of the Income Tax Act 2007.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM358703.

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181C: Remission of late payment penalties and interest incurred due to obligation to pay further income tax, or

"Reducing penalties for late tax payments when you owe more income tax"

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182: Relief from additional tax incurred due to default in payment of tax, or

"Help with extra tax when you pay late"

Part 11Remission, relief, and refunds

181DRemission of late payment penalties and interest incurred due to obligation by Maori authority to pay further income tax

  1. An amount that is interest under section 120D, or a late payment penalty relating to further income tax, and that is paid or payable by a Maori authority and to which sections OK 23 and 24 of the Income Tax Act 2007 applies must be remitted by the Commissioner to the extent that the amount of further income tax charged in relation to a tax year is equal to or less than the amount of unpaid income tax.

Notes
  • Section 181D: inserted, on (applying for 2004–05 and subsequent income years), by section 137(1) of the Taxation (Venture Capital and Miscellaneous Provisions) Act 2004 (2004 No 111).
  • Section 181D: 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).