Tax agents, representatives, and nominated persons

Heading: inserted, on 18 March 2019, by section 84 of the Taxation (Annual Rates for 2018–19, Modernising Tax Administration, and Remedial Matters) Act 2019 (2019 No 5).

124C Tax agents
Listing

(1)

The Commissioner must compile and maintain a list of persons who are tax agents.

Applying for listing as tax agent

(2)

A person may apply to the Commissioner to be listed as a tax agent if they—

(a)

meet the requirements of subsection (3); and

(b)

for a person who is not a natural person, provide the information required under section 124E.

Eligibility requirements

(3)

A person is eligible to be listed as a tax agent if they—

(a)

prepare the returns of income required to be filed for 10 or more other persons; and

(b)

are—

(i)

a person carrying on a professional public practice:

(ii)

a person carrying on a business, occupation, or employment in which returns of income are prepared and filed:

(iii)

the Maori Trustee.

Requirement to list

(4)

The Commissioner must list the person as a tax agent if the Commissioner is satisfied by the available information that—

(a)

the person meets the requirements of subsection (3); and

(b)

listing the person as a tax agent would not adversely affect the integrity of the tax system.

Notification of listing

(5)

The Commissioner must notify the person when they are listed and the listing takes effect on a date set out in the notice.

Notification of refusal to list

(6)

For the notification requirements applying when a person does not meet the eligibility requirements, or does not provide the required information under subsection (2)(b) or meet the requirements of subsection (4)(b), see section 124G(1) and (5).

Section 124C: inserted, on 18 March 2019, by section 84 of the Taxation (Annual Rates for 2018–19, Modernising Tax Administration, and Remedial Matters) Act 2019 (2019 No 5).