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Tax Administration Act 1994

Information, record-keeping, and returns - Returns - Returns and return dates

45: AIM method information: taxpayers

You could also call this:

"Information taxpayers must give when using the AIM method for tax payments"

Illustration for Tax Administration Act 1994

You use the AIM method as described in section RC 5(5B) of the Income Tax Act 2007. You must give the Commissioner information about your instalment and use of the AIM method by the instalment date. The Commissioner decides what information you need to give and how you give it.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS38047.

Topics:
Money and consumer rights > Taxes
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44D: Natural product dealer certificate, or

"A certificate for people who sell natural products, like a special licence to do their job."

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45B: AIM method information: approved AIM providers, or

"Telling the tax office about approved accounting systems"

Part 3Information, record-keeping, and returns
Returns: Returns and return dates

45AIM method information: taxpayers

  1. A person that uses the AIM method as described in section RC 5(5B) of the Income Tax Act 2007 must give to the Commissioner on or before an instalment date, information required by the Commissioner in relation to the instalment, the person’s use of the AIM method, and their use of an approved AIM provider’s AIM-capable accounting system, and any other information required by the Commissioner in the form prescribed by the Commissioner, even if the amount to pay for the instalment date is zero or a refund. The Commissioner may make a determination under section 91AAZ setting out information and form required or prescribed under this section.

Notes
  • Section 45: inserted, on (applying for the 2018–19 and later income years), by section 51(1) of the Taxation (Business Tax, Exchange of Information, and Remedial Matters) Act 2017 (2017 No 3).