Income Tax Act 2007
Sections and provisions with full text and the judgments that cite each one.
Section Sch50-“ 78F — Time for providing information in relation to underlying foreign credits
“ 78F Time for providing information in relation to underlying foreign credits A taxpayer who has a tax credit for an amount of underlying foreign tax must provide to the Commissioner information…
Section Sch50-“ 80KF — Effect of giving notice of entitlement
“ 80KF Effect of giving notice of entitlement “ (1) If a notice of entitlement has been given to a person, the Commissioner must pay the person instalments of tax credit under section 80KN. “ (2) A…
Section Sch50-“ 90AF — Imputation arrangement to obtain tax advantage
“ 90AF Imputation arrangement to obtain tax advantage “ (1) If an arrangement to obtain a tax advantage arises as described in section GB 35 of the Income Tax Act 2007, the Commissioner may make any…
Section Sch50-“ 24G — Use of incorrect tax codes
“ 24G Use of incorrect tax codes “ (1) This section applies when the Commissioner considers that an employer or PAYE intermediary has used an incorrect tax code in relation to a PAYE income payment…
Section Sch50-“ 32G — Evidence of annual gross income and consequences of failure to meet threshold
“ 32G Evidence of annual gross income and consequences of failure to meet threshold “ (1) This section applies when a person’s application for an RWT exemption certificate is based on their meeting…
Section Sch50-“ 80KG — Notifying Commissioner of events affecting notice of entitlement
“ 80KG Notifying Commissioner of events affecting notice of entitlement “ (1) Subsection (2) applies when— “ (a) a person has been given a notice of entitlement; and “ (b) 1 or more of the events…
Section Sch50-“ 90AG — Maori authority arrangements to obtain tax advantage
“ 90AG Maori authority arrangements to obtain tax advantage “ (1) If an arrangement to obtain a tax advantage arises as described in section GB 42 of the Income Tax Act 2007, the Commissioner may…
Section Sch50-“ 24H — When entitlement to use tax code ends
“ 24H When entitlement to use tax code ends “ (1) This section applies when an employee is no longer entitled to use a certain tax code. “ (2) The tax code does not apply to a PAYE income payment…
Section Sch50-“ 32H — Providing RWT exemption certificate when person meets requirements
“ 32H Providing RWT exemption certificate when person meets requirements “ (1) This section applies when the Commissioner has received an application for an RWT exemption certificate from a person…
Section Sch50-“ 80KH — Cancellation of notice of entitlement
“ 80KH Cancellation of notice of entitlement “ (1) This section applies when the Commissioner— “ (a) is notified under section 80KG; or “ (b) considers that a notice of entitlement given to a person…
Section Sch50-“ 24I — PAYE tax code notification and certificate
“ 24I PAYE tax code notification and certificate “ (1) An employee who wishes to have the amount of tax for a PAYE income payment reduced may notify their employer of the applicable tax code. This…
Section Sch50-“ 32I — Providing RWT exemption certificate to person who does not meet requirements
“ 32I Providing RWT exemption certificate to person who does not meet requirements “ (1) Despite section 32H, the Commissioner may provide an RWT exemption certificate for a period to a person who…
Section Sch50-“ 80KI — Payment of tax credit by instalment by Commissioner
“ 80KI Payment of tax credit by instalment by Commissioner “ (1) This section applies when the Commissioner has given a notice of entitlement to a person. “ (2) In the period described in subsection…
Section Sch50-“ 24J — Proof of payment
“ 24J Proof of payment “ (1) An employer or PAYE intermediary who is required to withhold and pay to the Commissioner an amount of tax for a PAYE income payment must provide a PAYE payment form to…
Section Sch50-“ 32J — RWT exemption certificates for unincorporated bodies
“ 32J RWT exemption certificates for unincorporated bodies “ (1) This section applies when the Commissioner provides an RWT exemption certificate to an unincorporated body under section RE 30 of the…
Section Sch50-“ 80KJ — Delay in providing notice of entitlement
“ 80KJ Delay in providing notice of entitlement “ (1) This section applies when the Commissioner thinks that the time taken to provide a notice of entitlement has been unduly delayed. “ (2) The…
Section Sch50-“ 24K — Certain information required in returns
“ 24K Certain information required in returns “ (1) This section applies for the purposes of sections RE 23 and RE 24 of the Income Tax Act 2007 when— “ (a) an amount of tax for resident passive…
Section Sch50-“ 32K — Failing to meet basis of exemption
“ 32K Failing to meet basis of exemption “ (1) This section applies when a holder of an RWT exemption certificate no longer meets the requirements on which their exemption is based. “ (2) If the…
Section Sch50-“ 80KK — Payment by instalment of family support (without abatement)
“ 80KK Payment by instalment of family support (without abatement) “ (1) This section applies when the Commissioner considers, on the basis of information provided under section 85G by the chief…
Section Sch50-“ 24L — Schedular notification
“ 24L Schedular notification “ (1) This section applies to a person who is entitled to receive a schedular payment described in section RD 8 of the Income Tax Act 2007. “ (2) Before the person…
Section Sch50-“ 32L — Cancellation of RWT exemption certificates
“ 32L Cancellation of RWT exemption certificates “ (1) The Commissioner may cancel a person’s RWT exemption certificate at any time, and notify any person of the fact of the cancellation, when— “ (a)…
Section Sch50-“ 80KL — Payment of instalments into accounts
“ 80KL Payment of instalments into accounts “ (1) Unless the Commissioner in a particular case otherwise determines, it is a condition of the receipt of tax credits paid by instalments by the…
Section Sch50-“ 24M — Exemption certificates for schedular payments
“ 24M Exemption certificates for schedular payments “ (1) The Commissioner may provide a person who is entitled to receive a schedular payment with an exemption certificate setting out the payments…
Section Sch50-“ 32M — Persons with approved issuer status
“ 32M Persons with approved issuer status “ (1) A person who borrows, or has borrowed, or will borrow money, may apply to the Commissioner to have approved issuer status for the purposes of the NRWT…
Section Sch50-“ 80KM — Summary of instalments paid
“ 80KM Summary of instalments paid “ (1) This section applies when the Commissioner pays to a person instalments of the tax credit shown in the notice of entitlement given to the person. “ (2) The…
Section Sch50-“ 24N — 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…
Section Sch50-“ 32N — Information requirements when payments for foreign dividends reduced
“ 32N Information requirements when payments for foreign dividends reduced “ (1) This section applies when a company pays FDP for a foreign dividend, and the amount is reduced under section RG 5(2)…
Section Sch50-“ 80KN — Payment of tax credit by chief executive
“ 80KN Payment of tax credit by chief executive “ (1) This section applies when— “ (a) in a tax year, the chief executive of the administering department pays to a person an income-tested benefit;…
Section Sch50-“ 24O — Certain information required from agricultural, horticultural, or viticultural employers
“ 24O Certain information required from agricultural, horticultural, or viticultural employers “ (1) This section applies when an agricultural, horticultural, or viticultural employer makes a…
Section Sch50-“ 80KO — Determining family assistance credit
“ 80KO Determining family assistance credit In determining the amount of family assistance credit that is payable under section 80KN, the chief executive must— “ (a) use the method set out in section…
Section Sch50-“ 24P — Variation of requirements
“ 24P Variation of requirements The Commissioner may vary the requirements set out in sections 24B, 24H, and 24I for a person or a class of persons. “ Compare: 2004 No 35 ss NC 7(3), NC 8(10), NC…
Section Sch50-“ 80KP — When entitlement to income-tested benefit ends
“ 80KP When entitlement to income-tested benefit ends “ (1) This section applies for the purposes of section 80KN when— “ (a) a person’s entitlement to an income-tested benefit ends; and “ (b) they…
Section Sch50-“ 80KQ — No authority to pay family assistance credit
“ 80KQ No authority to pay family assistance credit “ (1) This section applies when the chief executive is not satisfied that they are authorised to pay the family assistance credit to the person…
Section Sch50-“ 80KR — Request by chief executive to stop payment of family assistance credit
“ 80KR Request by chief executive to stop payment of family assistance credit “ (1) This section applies when— “ (a) the chief executive has made a request under section 80KQ(2); but “ (b) the chief…
Section Sch50-“ 80KS — Request by person to stop or re-start payment of tax credit
“ 80KS Request by person to stop or re-start payment of tax credit “ (1) Subsection (2) applies, despite section 80KN or 80KP, when a person notifies the chief executive not to pay them the tax…
Section Sch50-“ 80KT — Details of payments of tax credits
“ 80KT Details of payments of tax credits “ (1) This section applies when the chief executive pays under section 80KN a tax credit to a person. “ (2) The chief executive must, for each month in which…
Section Sch50-“ 80KU — Payment of tax credit taken over by Commissioner
“ 80KU Payment of tax credit taken over by Commissioner “ (1) This section applies when— “ (a) in a tax year, the chief executive stops paying a person an amount of tax credit with an income-tested…
Section Sch50-“ 80KV — Statement of family scheme income
“ 80KV Statement of family scheme income “ (1) This section applies to a person to whom the Commissioner has given a notice of entitlement for a tax year. “ (2) The person must, in the time within…
Section Sch50-“ 80KW — Effect of extra instalment on entitlement to tax credit
“ 80KW Effect of extra instalment on entitlement to tax credit “ (1) This section applies to a person who— “ (a) is entitled to a family assistance credit or family tax credit for the whole or part…
Section CD 51 — Property transfers between associated persons
CD 51 Property transfers between associated persons [Repealed] Section CD 51: repealed (with effect on 30 June 2009), on 6 October 2009, by section 22(1) of the Taxation (International Taxation, Life…
Section CW 51 — Herd improvement bodies
CW 51 Herd improvement bodies An amount of income derived by a herd improvement association or society is exempt income if— (a) the association or society was established mainly to promote the…
Section CX 51 — Income equalisation schemes
CX 51 Income equalisation schemes A refund under section EH 8 (Refund of excess deposit), EH 42 (Refund of excess deposit), or EH 68 (Refund of excess deposit) is excluded income. Defined in this…
Section DB 51 — Adjustment for deferred payment of employment income
DB 51 Adjustment for deferred payment of employment income When this section applies (1) This section applies when a person has, under section EA 4 (Deferred payment of employment income), an unpaid…
Section EE 51 — Amount of depreciation recovery income when lost or stolen items recovered
EE 51 Amount of depreciation recovery income when lost or stolen items recovered When this section applies (1) This section applies when an item of property to which section EE 47(3) applies— (a) is…
Section EH 51 — Income when refund given on death, and election to allocate amount to earlier year
EH 51 Income when refund given on death, and election to allocate amount to earlier year When this section applies (1) This section applies when— (a) a refund under section EH 49 includes a deposit…
Section EW 51 — Deduction for security payment
EW 51 Deduction for security payment When subsection (2) applies: loss generally (1) Subsection (2) applies when a person is allowed a deduction under section DB 14(2) (Security payment). Amount of…
Section EX 51 — Comparative value method
EX 51 Comparative value method Formula (1) If a person is using the comparative value method to calculate FIF income or loss from an attributing interest in a FIF, the FIF income or loss from that…
Section EZ 51 — Transitional adjustment when changing to financial arrangements rules
EZ 51 Transitional adjustment when changing to financial arrangements rules (1) A person may elect to apply the financial arrangements rules to a financial arrangement to which the old financial…
Section HM 51 — Use of foreign tax credits by PIEs
HM 51 Use of foreign tax credits by PIEs When this section applies (1) This section applies when a multi-rate PIE has a tax credit under subpart LJ (Tax credits for foreign income tax) that is…
Section OB 51 — ICA credit transfer by company
OB 51 ICA credit transfer by company Debit (1) An ICA company has an imputation debit for the amount of an imputation credit attached to a dividend that is paid to the company and shown in a credit…