Duties and levies: Cheque duty
Licensed banks
Licences authorising banks to commute the duty on cheques issued to their customers are issued by the Banking Sector of the Corporates Unit.
To apply for a licence, the bank's General Manager for New Zealand must write to:
The Banking Sector
Inland Revenue Department
PO Box 2198
Wellington
Fax 04 802 6192
Please provide the following details:
- the expected volume of cheques
- the approximate number of cheques to be produced per month.
You must file a quarterly return Commuted duty on cheques and other bills of exchange (IR193). Your return and payment are due within 21 days of the end of the quarter.
You can request returns from the Duties Unit.
Date published: 23 Nov 2004
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