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Tax Administration Act 1994

Remission, relief, and refunds

183CA: Cancellation of interest charged on unpaid provisional tax

You could also call this:

"Asking to cancel extra interest on unpaid tax"

Illustration for Tax Administration Act 1994

You can apply to the Commissioner to cancel extra interest charged on unpaid provisional tax. This is if the interest is more than it would have been under Part 7 and section 120L(2) and (3). The Commissioner must then cancel the extra interest and refund any extra interest you have paid.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM358759.

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Part 11Remission, relief, and refunds

183CACancellation of interest charged on unpaid provisional tax

  1. If interest has been charged on unpaid provisional tax under Part 7 and it is more than the interest that would have been charged if section 120L(2) and (3) had applied to the 1997–98 tax year, the taxpayer may apply to the Commissioner to—

  2. have their liability to pay the excess interest cancelled; and
    1. have the excess interest, to the extent that the taxpayer has paid it, refunded.

      1. Repealed

      2. Upon receiving an application, the Commissioner must—

      3. cancel the taxpayer's liability to pay the excess interest; and
        1. refund to the taxpayer the excess interest to the extent that it has been paid by the taxpayer.

          Notes
          • Section 183CA: inserted, on (applying to 1997–98 income year), by section 114(1) of the Taxation (Accrual Rules and Other Remedial Matters) Act 1999 (1999 No 59).
          • Section 183CA(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          • Section 183CA(2): repealed, on , by section 176 of the Taxation (Transformation: First Phase Simplification and Other Measures) Act 2016 (2016 No 27).