Tax Administration Act 1994

Third-party providers - Approved AIM providers

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

You could also call this:

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

Illustration for Tax Administration Act 1994

You can use an AIM-capable accounting system if you earn over $5,000,000 per year. The Commissioner decides if you can use this system. They check if it will affect the tax money they collect from you over time, as stated in section RC 5(5B)(c)(ii) 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=LMS38111.

Topics:

Money and consumer rights > TaxesBusiness > Industry rules

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

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

124ZF: RWT proxies, or

"Being an RWT proxy means helping someone with their tax on certain income from overseas investments"

Part 7BThird-party providers
Approved AIM providers

124ZEAIM method: approval of person over $5,000,000

For the purposes of section RC 5(5B)(c)(ii) of the Income Tax Act 2007, the Commissioner may approve a person’s continued use of an AIM-capable accounting system for tax years in which the person has 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 person over time.

Notes

Section 124ZE: inserted, as section 15Z, 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 124ZE: 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).