New Zealand Legislation: Acts
Acts are laws made by Parliament
Reprint as at 29 August 2011
| Public Act | 1985 No 141 |
| Date of assent | 3 December 1985 |
| Commencement | 3 December 1985 |
Changes authorised by section 17C of the Acts and Regulations Publication Act 1989 have been made in this reprint.
A general outline of these changes is set out in the notes at the end of this reprint, together with other explanatory material about this reprint.
This Act is administered by the Inland Revenue Department.
2A Meaning of associated persons
3 Meaning of term financial services
4 Meaning of term open market value
5B Supply of certain imported services
6 Meaning of term taxable activity
8 Imposition of goods and services tax on supply
8A Certain supplies of telecommunications services
10 Value of supply of goods and services
11AB Zero-rating of telecommunications services
11B Zero-rating of some supplies by territorial authorities, some supplies involving contributions to local authorities
11C Treatment of supplies by operators of loyalty programmes
12 Imposition of goods and services tax on imports
13 Imposition of goods and services tax on goods liable to excise duty and supplied at in bond prices [Repealed]
Part 3
Returns and payment of tax
15A Change in registered person's taxable period [Repealed]
15AB Transitional provision: alignment of taxable periods with balance dates [Repealed]
15B Taxable periods aligned with balance dates
15C Changes in taxable periods
15D When change in taxable period takes effect
15E Meaning of end of taxable period
19A Requirements for accounting on payments basis
19AB Local authorities accounting on payments basis on and after 1 July 2001
19B Particulars to be furnished and prepared where change in accounting basis
19C Tax payable, or refund, where change in accounting basis
19D Invoice basis for supplies over $225,000
20A Goods and services tax incurred relating to determination of liability to tax
20B Allocation of taxable supplies following investigation by Commissioner
20C Goods and services tax incurred in making certain supplies of financial services
20D Determining availability of deduction under section 20C from supplies by another person
20E Determining supplies charged at 0% under section 11A(1)(q) and (r) from supplies by another person
20F Election that sections 11A(1)(q) and (r) and 20C apply
21 Adjustments for apportioned supplies
21B Adjustments when person or partnership becomes registered after acquiring goods and services
21C Adjustments for first and subsequent adjustment periods
21CB Rate for change of use before 1 October 2010 [Repealed]
21D Calculating amount of adjustment
21G Definitions and requirements for apportioned supplies and adjustment periods
21H Transitional accounting rules
21HB Transitional rule related to treatment of dwellings
21I Fringe benefits and entertainment expenses
22 Goods and services acquired before incorporation
23A Payment of tax relating to fringe benefits
24B Records to be kept by recipient of imported services
25AA Consequences of change in contract for imported services
25A Commissioner may approve use of symbols, etc, on electronically transmitted invoices and credit and debit notes
[Repealed]
27 Assessment of tax [Repealed]
28 Validity of assessments not affected by failure to comply with Act [Repealed]
29 Assessments deemed correct except in proceedings on objection [Repealed]
30 Evidence of returns and assessments [Repealed]
31 Application of Parts 4A and 8A of Tax Administration Act 1994 [Repealed]
[Repealed]
32 Objections to certain decisions [Repealed]
33 Objections to assessments [Repealed]
34 Commissioner may amend assessment, or objections may be submitted to Taxation Review Authority [Repealed]
35 Powers of Taxation Review Authority on determination of objection or case stated [Repealed]
36 When objection may be referred in first instance to High Court [Repealed]
36A Test case procedure [Repealed]
37 Obligation to pay tax where objection lodged [Repealed]
38 Interest on certain excess tax [Repealed]
39 Determination of objection not to affect other assessments or decisions [Repealed]
40 Objections to which this Part does not apply [Repealed]
41 Additional tax to be payable if default made in payment of tax [Repealed]
43 Deduction of tax from payment due to defaulters
44 Application of certain provisions of Income Tax Act 1976 relating to recovery procedures [Repealed]
Part 7
Refunds and relief from tax
46 Commissioner's right to withhold payments
47 Tax paid in excess may be credited towards tax payable when assessment re-opened
48 Power of Commissioner in respect of small amounts [Repealed]
48A Relief from tax where new start grant made
49 Relief from additional tax [Repealed]
50 Appropriation of refunds [Repealed]
51 Persons making supplies in course of taxable activity to be registered
51B Persons treated as registered
52 Cancellation of registration
53 Registered person to notify change of status
54 Liabilities not affected by ceasing to be registered person
56B Branches and divisions in relation to certain imported services
58 Personal representative, liquidator, receiver, etc
59 Liability of agent of absentee principal for returns and tax
60B Nominated recipients of supplies
61 Liability for tax payable by company left with insufficient assets
61B Application of Part 9 of Tax Administration Act 1994 [Repealed]
[Repealed]
63 Officers and employees of corporate bodies [Repealed]
64 Proceedings to be taken summarily [Repealed]
65 Information may charge several offences [Repealed]
66 Information may be laid within 10 years [Repealed]
67 Penal tax in case of evasion [Repealed]
68 Nature of penal tax [Repealed]
69 Assessment of penal tax [Repealed]
70 Objections to penal tax [Repealed]
71 Recovery of penal tax [Repealed]
72 Recovery of penal tax from executors or administrators [Repealed]
73 Recovery of penal tax not affected by conviction of registered person [Repealed]
74 Publication of names of tax evaders [Repealed]
78 Effect of imposition or alteration of tax
78AA Exceptions to effect of increase of tax
78A Returns to be furnished in 2 parts for taxable period in which change in rate of tax occurs
78B Adjustments to tax payable for persons furnishing returns following change in rate of tax
78BA Adjustments to tax payable in relation to credit and debit notes following change in rate of tax
78C Change in accounting basis coinciding with or occurring after change in rate of tax
78D Liability to pay past tax, etc, not affected by alteration in the law
78E Alteration of agreed price in relation to supply mistakenly believed to be of a going concern
78F Liability in relation to supplies of land
80 Power to extend time for doing anything under Act [Repealed]
81 Regulations [Repealed]
Part 12
Transitional provisions
82 Registration of persons liable to be registered on 1 October 1986 [Repealed]
83 Deduction for sales tax [Repealed]
84 Supplies prior to 1 October 1986
84B Supplies of services made before insertion of section 8(4B)
85 Certain contracts entered into on or before 20 August 1985
86 Alternative method of accounting for transitional supplies
Goods and Services Tax Amendment Act (No 3) 1991
Goods and Services Tax Amendment Act (No 2) 1995
Goods and Services Tax Amendment Act 1996
Taxation (Remedial Provisions) Act 1996
Taxation (Beneficiary Income of Minors, Services-Related Payments and Remedial Matters) Act 2001
Taxation (Relief, Refunds and Miscellaneous Provisions) Act 2002
Taxation (GST, Trans-Tasman Imputation and Miscellaneous Provisions) Act 2003
Taxation (Depreciation, Payment Dates Alignment, FBT, and Miscellaneous Provisions) Act 2006
Taxation (Savings Investment and Miscellaneous Provisions) Act 2006
An Act to make provision for the imposition and collection of goods and services tax
