Section RM 26 — Income Tax Act 2007: Treatment of further income tax paid

RM 26 Treatment of further income tax paid When this section applies (1) This section applies for the purposes of sections RM 2 and RM 4 to RM 6 when a Maori authority pays further income tax under section OK 21 or OK 22 (which relate to further income tax for closing debit balance or when Maori authority stops being a Maori authority). No refund (2) The authority is not entitled to a refund of the amount of further income tax paid which is treated as tax paid to satisfy an obligation yet to arise. Defined in this Act: amount , further income tax , Maori authority , pay , tax , Compare: 2004 No 35 s MD 2B(5)