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Tax Administration Act 1994

Penalties - Civil penalties

139ABB: Penalty for failing to register or provide information for purposes of applied global anti-base erosion rules

You could also call this:

"Penalty for not following global tax rules"

Illustration for Tax Administration Act 1994

You may have to pay a penalty if you do not register as required under section 78H or comply with the requirements of section 78I. The Commissioner will decide the amount of the penalty, which can be up to $100,000. You will have to pay the penalty by the due date, which is either 30 days after the Commissioner sends you a notice or a date specified by the Commissioner.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS1019961.

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Part 9Penalties
Civil penalties

139ABBPenalty for failing to register or provide information for purposes of applied global anti-base erosion rules

  1. A taxpayer is liable to pay a penalty under this section if—

  2. the taxpayer does not apply for registration as required under section 78H; or
    1. the taxpayer does not comply with the requirements of section 78I.

      1. The penalty under this section is the amount specified by the Commissioner, which must not exceed $100,000.

      2. The due date for payment of a penalty imposed under this section is the later of—

      3. 30 days after the date on which the Commissioner issues the notice of assessment for the penalty:
        1. the date specified by the Commissioner in the notice of assessment as being the due date for payment of the penalty.

          Notes
          • Section 139ABB: inserted, on , by section 153 of the Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Act 2024 (2024 No 11).