120KF Tolerance for provisional tax instalments

Despite a provisional taxpayer underpaying an instalment by $20 or less, the provisional taxpayer is treated as paying the instalment in full for the purposes of section 120KE.

Section 120KF: inserted (with effect on 1 April 2017), on 23 March 2020, by section 223(1) (and see section 223(2) for application) of the Taxation (KiwiSaver, Student Loans, and Remedial Matters) Act 2020 (2020 No 5).