Māori authority credit account (MACA)
A Māori authority credit account (MACA) is a memorandum or record-keeping account for your organisation's use only. Its purpose is to keep track of how much tax a Māori authority has paid, and how many tax credits are available to pass on to the members.
Who has to keep a MACA account and what transactions are recorded in the MACA?
In most cases, credit entries arise in the MACA on the date that the transaction that caused them takes place, the date of payment. This happens regardless of the period to which it relates.
As with credit entries to the MACA, in most cases, the date that a debit entry arises in the MACA is the date that the transaction causing the entry takes place.
Date published: 11 Nov 2004
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