Tax Administration Act 1994

Third-party providers - Approved AIM providers

124ZD: AIM method: approval of large business AIM-capable system

You could also call this:

"Big businesses can use a special accounting system if approved by the Commissioner."

Illustration for Tax Administration Act 1994

You can use a special accounting system if you have a large business. The Commissioner decides who can use it. They look at whether it will affect how much tax is collected over time, as stated in section RC 5(5B)(c)(iii) and the definition of large business AIM-capable system in section YA 1 of the Income Tax Act 2007.

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This page was last updated on 28 November 2025

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS38110.

Topics:

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124ZC: Publication of approval or revocation, or

"The Commissioner tells people about certain tax decisions."

124ZE: AIM method: approval of person over $5,000,000, or

"Using a special accounting system if you earn over $5,000,000 per year"

Part 7BThird-party providers
Approved AIM providers

124ZDAIM method: approval of large business AIM-capable system

For the purposes of section RC 5(5B)(c)(iii) and the definition of large business AIM-capable system in section YA 1 of the Income Tax Act 2007, the Commissioner may approve an AIM-capable accounting system for use by a class of taxpayers with annual gross income of more than $5,000,000, if the Commissioner decides that there is minimal risk that the approval will result in less net revenue collectable from the class of taxpayers over time.

Notes

Section 124ZD: inserted, as section 15Y, on 1 April 2018 (applying for the 2018–19 and later income years), by section 50(1) of the Taxation (Business Tax, Exchange of Information, and Remedial Matters) Act 2017 (2017 No 3).
Section 124ZD: renumbered, on 18 March 2019, by section 9(2) of the Taxation (Annual Rates for 2018–19, Modernising Tax Administration, and Remedial Matters) Act 2019 (2019 No 5).