Section OK 21 — Income Tax Act 2007: Further income tax for closing debit balance

OK 21 Further income tax for closing debit balance Liability (1) A Maori authority is liable to pay further income tax for the amount of a debit balance in its Maori authority credit account at the end of a tax year. Due date (2) The Maori authority must pay the further income tax to the Commissioner no later than 20 June following the end of the tax year. Application of other provisions (3) When it is appropriate for the purposes of this section, the other sections of this Act and the Tax Administration Act 1994 — (a) apply to further income tax as if they addressed further income tax and not income tax; and (b) apply, modified as necessary, to ensure their application to the further income tax rather than income tax; and (c) do not override the imputation rules and section 101 of the Tax Administration Act 1994. Defined in this Act: amount , Commissioner , further income tax , imputation rules , income tax , Maori authority , Maori authority credit account , pay , tax year , Compare: 2004 No 35 s MK 8(1), (2), (6)