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Tax Administration Act 1994

Determinations

91AABB: Determinations relating to monetary threshold in extended model reporting standard for digital platforms

You could also call this:

"Rules for digital platforms: setting a monetary threshold"

Illustration for Tax Administration Act 1994

You can find out about the rules for digital platforms. The Commissioner can decide the New Zealand dollar amount for the monetary threshold. This is for the extended model reporting standard for digital platforms, as mentioned in section 185T. You need to know the Commissioner can change this amount if the exchange rate changes. The Commissioner can also decide which years this amount applies to. But it cannot apply to years before the extended model reporting standard for digital platforms started, as mentioned in section 185T(1). If you are affected by one of these decisions, you can dispute it under Parts 4A and 8A. The Commissioner must tell everyone about their decision within 30 days. They do this by publishing a notice with the New Zealand dollar amount and the years it applies to.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS935415.

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Part 5Determinations

91AABBDeterminations relating to monetary threshold in extended model reporting standard for digital platforms

  1. For the purpose of section 185T, the Commissioner may determine the New Zealand dollar equivalent of the monetary threshold set out in the definition of excluded seller in section I, B(4)(d) of the extended model reporting standard for digital platforms.

  2. The Commissioner may amend, if necessary, the New Zealand dollar equivalent of the threshold referred to in subsection (1) to account for exchange rate fluctuations to ensure its consistency with the reporting standard.

  3. The determination may set out the year or years for which it is to apply, but it may not apply for years before the implementation of the extended model reporting standard for digital platforms under section 185T(1).

  4. The determination may provide for the extension, limitation, variation, cancellation, or revocation of an earlier determination.

  5. A person affected by a determination made under this section may dispute or challenge the determination under Parts 4A and 8A.

  6. Within 30 days of having made a determination under this section, the Commissioner must publish a notice in a publication chosen by the Commissioner setting out the New Zealand dollar equivalent that is the subject of the determination, any necessary amendment caused by exchange rate fluctuations, and the periods for which the threshold is to apply.

Notes
  • Section 91AABB: inserted, on , by section 189 of the Taxation (Annual Rates for 2022–23, Platform Economy, and Remedial Matters) Act 2023 (2023 No 5).