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Tax Administration Act 1994

Remission, relief, and refunds

183E: Remission of interest if unpaid tax remitted

You could also call this:

"The Commissioner cancels interest if you don't have to pay some tax."

Illustration for Tax Administration Act 1994

The Commissioner will cancel interest if they stop you having to pay some tax. This happens when the Commissioner decides you do not have to pay the tax under a tax law. You must also have been charged interest under Part 7 for the tax that you no longer have to pay.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM358769.

Topics:
Money and consumer rights > Taxes
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183D: Remission consistent with collection of highest net revenue over time, or

"The Commissioner can reduce some tax penalties to help collect the most revenue over time."

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183F: Small amounts of penalties and interest not to be charged, or

"No penalty or interest on small tax debts"

Part 11Remission, relief, and refunds

183ERemission of interest if unpaid tax remitted

  1. The Commissioner shall remit interest if—

  2. an amount of tax payable by a taxpayer is remitted by the Commissioner under a tax law; and
    1. the taxpayer is liable for the interest under Part 7 in respect of the remitted tax.

      Notes
      • Section 183E: inserted, on , by section 62 of the Tax Administration Amendment Act (No 2) 1996 (1996 No 56).