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Tax Administration Act 1994

Penalties - Civil penalties

142GB: Due date for payment of penalty by member of large multinational group

You could also call this:

"When a big company must pay a penalty to the government"

Illustration for Tax Administration Act 1994

You are a member of a large multinational group and you have a penalty to pay under section 139AB. The Commissioner will tell you when the penalty is due in a notice of assessment. The due date must be at least 30 days after the notice is issued.

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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=LMS63400.

Topics:
Money and consumer rights > Taxes
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142G: Due date for payment of non-electronic filing penalties, or

"When to pay a penalty for not filing tax information online"

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142H: Failures of financial institutions to meet requirements under Part 11B and CRS applied standard, or

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Part 9Penalties
Civil penalties

142GBDue date for payment of penalty by member of large multinational group

  1. The due date for payment, by a member of a large multinational group, of a penalty under section 139AB is the date that the Commissioner specifies in the notice of assessment for the penalty, which must be 30 days or more after the date on which the notice of assessment is issued.

Notes
  • Section 142GB: inserted, on , by section 60 of the Taxation (Neutralising Base Erosion and Profit Shifting) Act 2018 (2018 No 16).