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Tax Administration Act 1994

Information, record-keeping, and returns - Reporting of income information by individuals

22F: Information requirements

You could also call this:

"Telling the tax office about your income"

Illustration for Tax Administration Act 1994

You must give the Commissioner information about your income for a tax year. This is for income that is not already reported. You can find out what income is already reported in schedule 8, part A, table 1. You do not have to tell the Commissioner about income that is already in your pre-populated account. But you must tell them if you know, or should know, that some income is missing. You can also give the Commissioner information about other income, which is listed in schedule 8, part A, table 2. Some income, like benefits from an employee share scheme, does not need to be reported if your employer has already included it. If someone has died, the Commissioner may let a person who knows them provide income information on their behalf. The Commissioner will make a list of the types of people who can do this, like family members or friends.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS191592.

Topics:
Money and consumer rights > Taxes
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22E: Information included in pre-populated accounts, or

"What information goes into your pre-filled tax account each year?"

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22G: Amending accounts for incorrect or missing information, or

"Fixing mistakes in your tax account information"

Part 3Information, record-keeping, and returns
Reporting of income information by individuals

22FInformation requirements

  1. Subject to section 22K(1), an individual must provide information to the Commissioner for a tax year on the total amount of assessable income that they derive for the corresponding income year to the extent to which the amount is not reportable income, see schedule 8, part A, table 1.

  2. No obligation to provide information for a tax year arises in relation to an amount of reportable income that is not included in an individual’s pre-populated account for the tax year unless the individual knows, or might reasonably be expected to have known, that the amount should properly be included in their final account for the tax year.

  3. An individual may provide information for a tax year on an amount set out in schedule 8, part A, table 2.

  4. Subsection (1) does not apply to an amount of income that is a benefit that a person receives under an employee share scheme to the extent to which their employer has included information relating to the benefit in their employment income information under section 23K and schedule 4, table 1, rows 4 and 7.

  5. In order to finalise the account of a deceased individual under section 22H, the Commissioner may allow a person appearing on the list described in subsection (6) to provide, to the best of their knowledge, income information on behalf of the deceased individual.

  6. The Commissioner must publish a list of the classes of persons who are considered likely to have a relationship with a deceased individual and that the Commissioner considers may be the sort of person who is best placed to provide income information on behalf of a deceased individual.

Notes
  • Section 22F: inserted, on , by section 16(1) (and see section 16(2) for application) of the Taxation (Annual Rates for 2018–19, Modernising Tax Administration, and Remedial Matters) Act 2019 (2019 No 5).