Section RP 2 — Income Tax Act 2007: PAYE intermediaries

RP 2 PAYE intermediaries Transferring obligations (1) An employer may arrange to transfer their pay-as-you-earn (PAYE) and employer’s superannuation contribution tax (ESCT) obligations to a person approved under section 15D or 15G of the Tax Administration Act 1994 as a PAYE intermediary or a listed PAYE intermediary. Paying amounts of tax and filing returns (2) A PAYE intermediary or listed PAYE intermediary must, on behalf of an employer who has transferred an obligation to them under subsection (1),— (a) withhold and pay to the Commissioner the amount of tax for a payment under the PAYE rules and the ESCT rules; and (b) file a return of income relating to the payment and the amount of tax for the payment. When person no longer intermediary (3) A person who stops being a PAYE intermediary or a listed PAYE intermediary for an employer has the rights and obligations under the PAYE rules and ESCT rules of a PAYE intermediary or listed PAYE intermediary, as applicable, in relation to funds that— (a) the employer pays to the person as intermediary; and (b) the person holds at the time they stop being an intermediary. Defined in this Act: amount of tax , Commissioner , employer , ESCT , ESCT rules , listed PAYE intermediary , pay , PAYE , PAYE intermediary , PAYE rules , return of income , Compare: 2004 No 35 ss NBA 1 , NBA 8 , NBB 7(3)