New legislation - 2010: Orders in Council (2010)
Remission of use-of-money interest for Canterbury earthquake victims
The Canterbury earthquake has been declared an emergency event for the purposes of section 183ABA of the Tax Administration Act 1994. This section allows the Commissioner to remit use-of-money interest payable on late tax payments following emergency events.
Taxpayers may apply for remission once their tax returns and payments are up to date. Different rules apply in cases of financial hardship.
Find out more about Inland Revenue’s tax relief measures at www.ird.govt.nz/earthquake.
Tax Administration (Emergency Event-Canterbury Earthquake) Order 2010
Other pages in: Orders in Council (2010)
- Use-of-money interest rates change
- Minimum family tax credit income amount increased
- FBT rate for low-interest loans
- FIF deemed rate of return set for 2009-10
- Rise in FBT rate for low-interest loans
- KiwiSaver first home subsidy
- Parental leave and employment protection - changes to advisor status
- Student loan scheme - volunteer exemption
Date published: 20 Oct 2010
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