Section HD 3 — Income Tax Act 2007: Agents’ duties and liabilities

HD 3 Agents’ duties and liabilities When this section applies (1) This section applies for the purposes of sections HD 8 to HD 27 in relation to all income derived by a principal through a business carried on in New Zealand by an agent. Assessments, returns, and payment of tax (2) The agent must— (a) make the assessments that their principal is required to make; and (b) provide all returns required of their principal under the Tax Administration Act 1994 ; and (c) satisfy their principal’s income tax liability. Joint and several liability (3) If 2 or more persons are liable as agents in relation to the same tax, the liability is joint and several. Agent as separate person (4) The agent is treated in that capacity as a separate person, and may claim in relation to the agency income only those tax credits or exemptions to which the principal is entitled. Defined in this Act: agent , assessment , business , income , income tax liability , New Zealand , return of income , tax , tax credit , Compare: 2004 No 35 ss HK 1 , HK 3(3) , HK 7(1)