Penalties and interest: Your obligations
Taxpayer responsibilities in New Zealand
Tax laws encourage voluntary compliance. They set out your obligations as a taxpayer and the standards you are expected to meet in paying your taxes.
You must:
- correctly determine the amount of tax you have to pay
- deduct or withhold the correct amount of tax from payments or receipts
- pay tax and file returns on time
- keep all necessary tax information and maintain all necessary accounts or balances
- cooperate with us by disclosing all required information in a timely and useful way
- comply with any obligations imposed by other tax laws
- correctly respond to a personal tax summary, if you received one
- advise us if you should have received a personal tax summary for a particular income year, but have not.
| Note | |
|---|---|
| The ultimate responsibility for complying with the law remains with you, the taxpayer. It can't be transferred to a third party, such as a tax agent. For example, if your tax agent fails to file your return, you are held responsible, not your agent. | |
Date published: 30 Aug 2006
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