Section Sch50-“ 47 — Income Tax Act 2007: ESCT statements provided by employers

“ 47 ESCT statements provided by employers “ (1) This section applies when an employer or PAYE intermediary withholds in a period an amount of ESCT from an employer’s superannuation contribution. “ (2) The employer or PAYE intermediary must deliver to the Commissioner a PAYE payment form showing the amount of employer’s superannuation contribution, the amount of ESCT relating to the contribution, and any other particulars required by the Commissioner as follows: “ (a) when the employer or PAYE intermediary has withheld the ESCT during the first payment period, no later than the 20th of the month during which the ESCT was withheld: “ (b) when the employer or PAYE intermediary has withheld the ESCT during the second payment period, no later than the 5th of the month following the month in which the ESCT was withheld: “ (c) despite paragraphs (a) and (b), if the employer or PAYE intermediary is required to pay an amount of tax to the Commissioner under section RD 4(1)(a) of the Income Tax Act 2007, no later than the 20th of the following month in which the amount was withheld. ”