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Customs and Excise Act 2018

Entry and exit of goods, persons, and craft - Interest and penalties for late or incorrect payments of duty, incorrect refunds of duty, and drawback incorrectly allowed - Remissions and refunds of interest and penalties

171: Interest and penalties: remissions and refunds in prescribed circumstances

You could also call this:

"Getting back money you paid for interest or penalties if you follow the rules"

Illustration for Customs and Excise Act 2018

The government can make rules that say when you can get back money you paid for interest or penalties. You might get back money for interest or penalties if the rules say you can. The rules can say you get back one or both of these. The Minister helps make these rules and they must think the rules will still make people follow the law. You follow the law when you pay the right amount of duty, which is a type of tax, on time and do what the law says you should do.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM7245174.

Topics:
Money and consumer rights > Taxes
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170: Interest and penalties: remissions and refunds if consistent with collection of highest net revenue over time, or

"The chief executive can cancel or refund extra costs if it helps get the most money from duties over time."

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172: Power to apply refunds towards payment of other amounts payable, or

"Using your refund to pay other debts you owe"

Part 3Entry and exit of goods, persons, and craft
Interest and penalties for late or incorrect payments of duty, incorrect refunds of duty, and drawback incorrectly allowed: Remissions and refunds of interest and penalties

171Interest and penalties: remissions and refunds in prescribed circumstances

  1. Regulations, made on the recommendation of the Minister, may prescribe circumstances in which the chief executive must remit or refund 1 or both of the following:

  2. any interest payable under this subpart:
    1. any penalty payable under this subpart.

      1. The Minister may make a recommendation for the purposes of subsection (1) only if the Minister is satisfied that the proposed regulations will not undermine this subpart in promoting compliance, especially voluntary compliance, by all duty payers with this Act and any other enactment relating to any duty.