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Tax Administration Act 1994

Assessments

92BA: Taxpayer assessment of multinational top-up tax

You could also call this:

"Working out the extra tax you owe as a big company"

Illustration for Tax Administration Act 1994

You must make an assessment of the multinational top-up tax you need to pay for a fiscal year if you have to provide a multinational top-up tax return. You make this assessment when you send in your multinational top-up tax return to an office of the department. This rule does not apply if the Commissioner has already made an assessment of the multinational top-up tax you need to pay for the fiscal year.

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This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS1019951.

Topics:
Money and consumer rights > Taxes
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Part 6Assessments

92BATaxpayer assessment of multinational top-up tax

  1. A taxpayer who is required to provide a multinational top-up tax return for a fiscal year must make an assessment of the amount of multinational top-up tax payable by the taxpayer for the fiscal year.

  2. An assessment under this section is made on the date on which the taxpayer’s multinational top-up tax return is received at an office of the department.

  3. This section does not apply to a taxpayer for a fiscal year if the Commissioner has made an assessment of the multinational top-up tax payable by the taxpayer for the fiscal year.

Notes
  • Section 92BA: inserted, on , by section 146 of the Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Act 2024 (2024 No 11).