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Tax Administration Act 1994

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

25O: Correction of errors in investment income information

You could also call this:

"Fixing mistakes in investment income for tax purposes"

Illustration for Tax Administration Act 1994

You can fix mistakes in investment income information. You do this under section RA 11 or RA 12 of the Income Tax Act 2007. This helps correct errors made when working out tax for RWT or NRWT.

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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=LMS336638.

Topics:
Money and consumer rights > Taxes
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"Simpler tax rules for some people"

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25P: Non-electronic filing of investment income information, or

"Not having to file investment income online if you get an exemption"

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

25OCorrection of errors in investment income information

  1. An adjustment may be made under section RA 11 or RA 12 of the Income Tax Act 2007 to correct certain errors that a payer has made in relation to an amount of tax for RWT or NRWT.

Notes
  • Section 25O: 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).