Section HD 18 — Income Tax Act 2007: Agency in relation to absentees generally

HD 18 Agency in relation to absentees generally What sections HD 19 to HD 25 do (1) Sections HD 19 to HD 25 apply for the purposes of this Act to treat a person as an agent in relation to the income of an absentee when certain conditions are met and to the extent set out in the circumstances described in those sections. The person must meet the tax obligations set out in section HD 3 in relation to the income to which the agency applies. Meaning of absentee (2) In this subpart, absentee means— (a) a natural person who is for the time being out of New Zealand: (b) a foreign company, unless it has a fixed and permanent place of business in New Zealand at which it carries on business in its own name: (c) a foreign company when the Commissioner declares that it is an absentee for the purposes of this Act by giving notice to the company, or its agent or representative in New Zealand. Defined in this Act: absentee , agent , business , Commissioner , company , foreign company , income , New Zealand , notice , tax , Compare: 2004 No 35 ss HK 1 , HK 16 , OB 1 “ absentee ”