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Tax Administration Act 1994

Information, record-keeping, and returns - Investment income information

25M: Information from emigrating companies

You could also call this:

"Telling the tax office about money when a company leaves New Zealand"

Illustration for Tax Administration Act 1994

You must give the Commissioner some information if you are a payer mentioned in section 25E(1)(i). You need to provide investment income information from schedule 6 for a tax year. You must send this information electronically and by a certain date. You have to send the information by a specific date. For some companies, this date is 3 months after they leave New Zealand, as described in section FL 2 of the Income Tax Act 2007. For other companies, the date is 3 months after certain events happen, as described in section FL 3 of the Income Tax Act 2007. You must follow these rules when sending the information to the Commissioner. The information must be in electronic form and sent by an electronic communication. You must send it by the relevant date, which depends on your situation.

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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=LMS336636.

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Part 3Information, record-keeping, and returns
Investment income information

25MInformation from emigrating companies

  1. A payer referred to in section 25E(1)(i) must deliver the investment income information set out in schedule 6, table 1, rows 1 to 11, 14, 16, 21, and 22, as applicable, for a tax year to the Commissioner—

  2. in electronic form and by means of an electronic communication as prescribed by the Commissioner; and
    1. by the relevant date set out in subsection (2).

      1. The relevant date is,—

      2. for an emigrating company that is treated under section FL 2 of the Income Tax Act 2007 as paying a dividend to shareholders, the date that is 3 months after the time of emigration:
        1. for an emigrating company that is treated under section FL 3 of the Income Tax Act 2007 as paying a dividend to shareholders, the date that is 3 months after the earliest of the events described in subsection (1)(a) to (c) of that section occurs.

          Notes
          • Section 25M: inserted, on , by section 287 of the Taxation (Annual Rates for 2017–18, Employment and Investment Income, and Remedial Matters) Act 2018 (2018 No 5).
          • Section 25M(1) heading: inserted (with effect on 30 August 2022), on , by section 172(1) of the Taxation (Annual Rates for 2022–23, Platform Economy, and Remedial Matters) Act 2023 (2023 No 5).
          • Section 25M(1)(b): replaced (with effect on 30 August 2022), on , by section 172(2) of the Taxation (Annual Rates for 2022–23, Platform Economy, and Remedial Matters) Act 2023 (2023 No 5).
          • Section 25M(2) heading: inserted (with effect on 30 August 2022), on , by section 172(3) of the Taxation (Annual Rates for 2022–23, Platform Economy, and Remedial Matters) Act 2023 (2023 No 5).
          • Section 25M(2): inserted (with effect on 30 August 2022), on , by section 172(3) of the Taxation (Annual Rates for 2022–23, Platform Economy, and Remedial Matters) Act 2023 (2023 No 5).