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Goods and Services Tax Act 1985

Penalties

68: Nature of penal tax

You could also call this:

"Tax penalty for breaking the rules"

Illustration for Goods and Services Tax Act 1985

A penal tax is a type of tax you might have to pay if you do not follow the rules. You will not have to pay a penal tax for supplies made before 1 April 1997, unless it is needed to enforce other parts of the law. The rule about penal tax was repealed on 26 July 1996, by section 19(1) of the Goods and Services Tax Amendment Act 1996.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM85265.

Topics:
Money and consumer rights > Taxes
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67: Penal tax in case of evasion, or

"Paying extra tax if you try to avoid paying what you owe"

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69: Assessment of penal tax, or

"Old law about calculating penalty tax that is no longer used"

Part 10Penalties

68Nature of penal tax (Repealed)

    Notes
    • Section 68: repealed, on (applying with respect to tax obligations, liabilities, and rights that are to be performed under or arise in relation to supplies made in respect of taxable periods commencing on or after 1 April 1997 (unless necessary for the enforcement of other provisions in this Act)), by section 19(1) of the Goods and Services Tax Amendment Act 1996 (1996 No 59).