Section Sch50-“ 24N — Income Tax Act 2007: Special tax rate certificates for schedular payments

“ 24N Special tax rate certificates for schedular payments “ (1) The Commissioner may provide a person who is entitled to receive a schedular payment with a special tax rate certificate setting out the amount of tax for the payment, or the rate applying to the payment or a part of each payment as if it were the whole payment. “ (2) Subsection (1) does not apply to a payment to a non-resident entertainer. “ (3) The Commissioner may cancel a special tax rate certificate at any time. The Commissioner must give notice of the cancellation. “ (4) If the Commissioner cancels a special tax rate certificate, the person who was provided the certificate must return it within 7 days of the date of notification of the cancellation. “ (5) A special tax rate certificate must not be altered or be used to cause a person making a schedular payment not to withhold an amount of tax for the payment. “ Compare: SR 1979/259 regulation 6A, Income Tax (Withholding Payments) Regulations