Section OK 23 — Income Tax Act 2007: Further income tax paid satisfying liability for income tax

OK 23 Further income tax paid satisfying liability for income tax Election (1) A Maori authority that is liable for income tax or provisional tax may choose to satisfy the liability through a payment of further income tax. Requirements (2) The liability referred to in subsection (1) must be for an income year corresponding to a tax year in which the Maori authority maintains a Maori authority credit account. When treated as paid (3) The income tax or provisional tax is treated as paid on the day the further income tax is paid to the Commissioner. Defined in this Act: Commissioner , further income tax , income tax , income year , Maori authority , Maori authority credit account , pay , provisional tax , tax year , Compare: 2004 No 35 s MK 8(5)